,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #aaig  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ad1 #bjac ,mr4  
,ross introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to waive ! arbitrage rules
 = c]ta9 bonds issu$ 9 #aiij & p>tially 
defeas$ 9 #aiif4  #a4 ,waiv] ( arbitrage
 rules = c]ta9 bonds  7a7 ,9 g5]al      
,section #adh ( ! ,int]nal ,rev5ue ,code
 ( #aihf %all n apply to an issue (     
bonds t 7 p>tially defeas$1 describ$ 9  
subsection 7b71 if--  7#a7 su* bonds are
 r$eem$ by ! gov]nm5tal unit t issu$ !m 
)9 #ij days ( ! sale ( ! escr[          
securities1 &  7#b7 any net pr(it rema9+
 aft] ! proce$s ( ! sale ( ! escr[      
securities h be5 appli$ to su* r$emption
 is us$ by ! issu] = an ess5tial        
gov]nm5tal function )9 twelve mon?s (   
su* r$emption4  7b7 ,bonds describ$     
,bonds describ$ 9 ?is subsection are    
bonds issu$ on ,janu>y #d1 #aiij1 t 7   
p>tially defeas$ on ,july #ai1 #aiif1 ) 
rev5ues ( a municipally own$ electric & 

wat] sy/em4