Par. 2. Section 1.148-0 is amended, in paragraph (c), in the table of contents for § 1.148-11, by revising the section heading for § 1.148-11 and adding entries for § 1.148-11(o) and (p) to read as follows:
Par. 8. Section 1.148-11 is amended by: 1. Revising the section heading. 2. Revising paragraphs (d)(1)(i)(E) and (F), and (k)(3)(i). 3. Adding paragraphs (o) and (p). The revisions and additions read as follows:
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(o) Certain clarifying amendments.
(p) Removal of § 1.148-2(f)(2)(iv).
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(d) * * *
(1) * * *
(i) * * *
(E) The fund satisfied each of the requirements of paragraphs (d)(1)(i)(A) through (C) of this section on August 16, 1986; and
(F) As of the sale date of the bonds to be guaranteed, the amount of the bonds to be guaranteed by the fund plus the then-outstanding amount of bonds previously guaranteed by the fund does not exceed a total amount equal to 500 percent of the total costs of the assets held by the fund.
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(k) * * *
(3) * * *
(i) Section 1.148-3(i)(3)(i) applies to claims arising from an issue of bonds to which § 1.148-3(i) applies and that are filed with the Internal Revenue Service on or after [the date of publication of final regulations in the Federal Register ].
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(o) Certain clarifying amendments. Sections 1.148-1(c)(4)(ii)(E)( 3 ), 1.148-5(d)(4), 1.148-6(d)(1)(ii), and paragraphs (d)(1)(i)(E) and (F) of this section apply to bonds sold on or after [the date 90 days after the date of publication of final regulations in the Federal Register ].
(p) Removal of § 1.148-2(f)(2)(iv). The removal of § 1.148-2(f)(2)(iv) applies as of [the date of publication of final regulations in the Federal Register ].