H.R.736 - BABE RUTH Act of 2011

To amend the Internal Revenue Code of 1986 to extend the Build America Bond program, and for other purposes. view all titles (3)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to extend the Build America Bond program, and for other purposes. as introduced.
  • Short: BABE RUTH Act of 2011 as introduced.
  • Short: Build America Bonds Extension for Rural and Urban Transportation and Highways Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
02/16/11
 
 
 
 
 
 
 

Sponsor

Representative

Laura Richardson

D-CA

View Co-Sponsors (2)

Official Summary

Build America Bonds Extension for Rural and Urban Transportation and Highways Act of 2011 or the BABE RUTH Act of 2011 - Amends the Internal Revenue Code, with respect to the Build America Bond program, to: (1) extend until December 31, 2014, the authority to issue such bonds and the author

Official Summary

Build America Bonds Extension for Rural and Urban Transportation and Highways Act of 2011 or the BABE RUTH Act of 2011 - Amends the Internal Revenue Code, with respect to the Build America Bond program, to:
(1) extend until December 31, 2014, the authority to issue such bonds and the authority for payments to issuers of such bonds
(2) reduce the percentage rate of payments to issuers in 2011, 2012, 2013, and 2014;
(3) allow refundings of currently issued bonds; and
(4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects.

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