PUBLIC LAW 100-647—NOV. 10, 1988

102 STAT. 3365

barrels per day which is expected to be completed by
December 31,1990, and

"(H) a project in Ransom, Pennsylvania which will burn
coal waste (known as 'culm') with an approximate cost of
$64,000,000 and for which a certification from the Federal
Energy Regulatory Commission was received on March 11,
1986.

"(39) The amendments made by section 201 shall not apply to
any facility for the manufacture of an improved particle board
if a binding contract to purchase such equipment was executed
March 3, 1986, such equipment will be placed in service by
January 1, 1988, and such facility is located in or near Moncure,
North Carolina."

(27) Subsection (b) of section 204 of the Reform Act is amended 26 USC168 note,
by inserting "(as amended by the Tax Reform Act of 1984)"
immediately before the period at the end thereof.

(28) Subparagraph (A) of section 204(c)(l) of the Reform Act is Pennsylvania.
amended by inserting "located in Pennsylvania and" before
"constructed pursuant".

(29) Paragraph (3) of section 204(c) of the Reform Act is
amended—

(A) by striking out "for the applicable date" and inserting
in lieu thereof "(or, in the case of a project described in
subparagraph (B), by substituting 'April 1, 19920 for the
applicable date",

(B) by striking out "before April 1,1986" in subparagraph
(A) and inserting in lieu thereof "on or before April 1,
1986", and

(C) by adding at the end thereof the following:

"In the case of an aircraft described in subparagraph (A),
section 203(b)(l)(A) shall be applied by substituting 'April 1,
1986' for 'March 1, 1986' and section 49(e)(l)(B) of the Internal
Revenue Code of 1986 shall not apply."

(30)(A) Paragraph (4) of section 204(c) of the Reform Act is
amended by striking out all that precedes subparagraph (L) and
inserting in lieu thereof the following:

"(4) The amendments made by section 201 shall not apply to a
limited amount of the following property or a limited amount of
property set forth in a submission before September 16, 1986, by
the following taxpayers:

"(A) Arena project, Michigan, but only with respect to
$78,000,000 of investments.

"(B) Campbell Soup Company, Pennsylvania, California,
North Carolina, Ohio, Maryland, Florida, Nebraska, Michi-
gan, South Carolina, Texas, New Jersey, and Delaware, but
only with respect to $9,329,000 of regular investment tax
credits.

"(C) The Southeast Overtown/Park West development,
Florida, but only with respect to $200,000,000 of invest-
ments.

"(D) Equipment placed in service and operated by Leggett
and Platt before July 1, 1987, but only with respect to
$2,000,000 of regular investment tax credits, and subsec-
tions (c) and (d) of section 49 of the Internal Revenue Code
of 1986 shall not apply to such equipment.
"(ED East Bank T