,i #aafth ,,congress #ast ,session ,h4 ,r4 #bgah ,,in ,,the ,,house ,,of ,,representatives ,may #ad1 #bjai,mr4 ,kilmer 7for himself and ,mr4 ,heck7 introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to include green infrastructure bonds in the definition of qualified private activity bonds4 #a4 ,short title ,this ,act may be cited as the ,preventing ,pollution through ,partnerships ,act or as the ,p#c ,act4 #b4 ,green infrastructure bonds as qualified private activity bonds 7a7 ,in general ,subpart ,a of part ,,iv of subchapter ,b of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new section3 #adh4 ,qualified green infrastructure bond ,for purposes of this part-- 7#a7 ,qualified green infrastructure bond defined ,the term green infrastructure bond means any bond issued as part of an issue #ie percent or more of the net proceeds of which are to be used to develop1 carry out1 or certify approved green infrastructure projects4 7#b7 ,approved green infrastructure project ,the term approved green infrastructure project means a project to construct1 rehabilitate1 maintain1 or repair green infrastructure that has been certified by the ,state in which such project is located as effectively addressing nonpoint source pollution 7as such term is used in the ,federal ,water ,pollution ,control ,act74 7#c7 ,green infrastructure defined ,the term green infrastructure means infrastructure that preserves1 enhances1 or mimics natural infiltration1 evapotranspiration1 or capture of storm water4 4 7b7 ,no volume cap ,section #adf7;g7 of the ,internal ,revenue ,code of #aihf is amended by striking and at the end of paragraph 7#c71 by striking the period at the end of paragraph 7#d7 and inserting 1 and1 and by inserting after paragraph 7#d7 the following new paragraph3 7#e7 any green infrastructure bond4 4 7c7 ,conforming amendments 7#a7 ,section #ada7;e77#a7 of the ,internal ,revenue ,code of #aihf is amended by striking or at the end of subparagraph 7,f71 by striking the period at the end of subparagraph 7,g71 and by adding at the end the following new subparagraph3 7,h7 a qualified green infrastructure bond4 4 7#b7 ,the table of sections for subpart ,a of part ,,iv of subchapter ,b of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new item3 ,sec4 #adh4 ,qualified green infrastructure bond4 4 7d7 ,effective date ,the amendments made by this section shall apply to obligations issued after the date of the enactment of this ,act4