102 STAT. 3028	PUBLIC LAW 100-597—NOV. 3,1988
Public Law 100-597
100th Congress
An Act
Nov. 8, 1988        To amend the bankruptcy law to provide for special revenue bonds, and for other
[S. 1863]   '	purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. DEFINITION OF MUNICIPALITY.
Section 101(31) of title 11, United States Code, is amended—
(1)	in subparagraph (A)—
(A)	by inserting "and a municipality" after "partner-
ship"; and
(B)	in clause (ii) by striking "and" at the end;
 (2)	in subparagraph (BXii) by adding "and" at the end; and
 (3)	by adding at the end the following:
"(C) with reference to a municipality, financial condition
such that the municipality is—
"(i) generally not paying its debts as they become due
unless such debts are the subject of a bona fide dispute;
or
"(ii) unable to pay its debts as they become due;".
SEC. 2. WHO MAY BE A DEBTOR
Section 109(cX3) of title 11, United States Code, is amended by
striking "or unable to ^rneet such entity's debts as such debts
mature".
SEC. 3. APPLICABILITY OF SECTIONS.
Section 901(a) of title 11, United States Code, is amended by
inserting "1129(aX6)," after "1129(aX3),".
SEC. 4. DEFINITION OF SPECIAL REVENUES.
Section 902 of title 11, United States Code, is amended—
(1)	by redesignating paragraphs (2), (3), and (4) as paragraphs
(3), (4), and (5), respectively; and
(2)	by inserting after paragraph (1) the following:
"(2) 'special revenues means—
"(A) receipts derived from the ownership, operation, or
disposition of projects or systems of the debtor that are
primarily used or intended to be used primarily to provide
transportation, utility, or other services, including the pro-
ceeds of borrowings to finance the projects or systems;
"(B) special excise taxes imposed on particular activities
or transactions;
"(C) incremental tax receipts from the benefited area in
the case of tax-increment financing;
"(D) other revenues or receipts derived from particular
functions of the debtor, whether or not the debtor has other
functions; or