Page:United States Statutes at Large Volume 121.djvu/1051

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[121 STAT. 1030]
[121 STAT. 1030]
PUBLIC LAW 110-000—MMMM. DD, 2007

121 STAT. 1030

PUBLIC LAW 110–109—OCT. 31, 2007 (F) by amending subparagraph (E) to read as follows: ‘‘(E) RULE OF CONSTRUCTION.—For purposes of subparagraphs (A), (B), (C), and (D) of this paragraph, a State, political subdivision, authority, agency, instrumentality, or other entity described in subparagraph (A), (B), or (C) of paragraph (1), regardless of whether such State, political subdivision, authority, agency, instrumentality, or other entity is an eligible lender under subsection (d), shall not— ‘‘(i) be deemed to be owned or controlled, in whole or in part, by a for-profit entity; or ‘‘(ii) lose its status as the sole owner of a beneficial interest in a loan and the income from a loan, by such State, political subdivision, authority, agency, instrumentality, or other entity, or by the trustee described in paragraph (1)(D), granting a security interest in, or otherwise pledging as collateral, such loan, or the income from such loan, to secure a debt obligation for which such State, political subdivision, authority, agency, instrumentality, or other entity is the issuer of the debt obligation.’’.

Approved October 31, 2007.

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LEGISLATIVE HISTORY—S. 2258 (H.R. 3927): CONGRESSIONAL RECORD, Vol. 153 (2007): Oct. 30, considered and passed Senate and House.

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