(1) In general.
The provisions of this section apply to all allocations of proceeds of reimbursement bonds issued after June 30, 1993.
(2) Transitional rules --
(i) Official intent.
An official intent is treated as satisfying the official intent requirement of paragraph (d)(1) of this section if it --
(A) Satisfied the applicable provisions of section 1.103-8(a)(5) as in effect prior to July 1, 1993, (as contained in 26 CFR part 1 revised as of April 1, 1993) and was made prior to that date, or
(B) Satisfied the applicable provisions of section 1.103-18 as in effect between January 27, 1992, and June 30, 1993, (as contained in 26 CFR part 1 revised as of April 1, 1993) and was made during that period.
(ii) Certain expenditures of private activity bonds. For any expenditure that was originally paid prior to August 15, 1993, and that would have qualified for expenditure by reimbursement from the proceeds of a private activity bond under T.D. 7199, section 1.103-8(a)(5), 1972-2 C.B. 45 (See section 601.601(d)(2)(i)(b) of this chapter.), the requirements of that section may be applied in lieu of this section.
[T.D. 8476, 58 FR 33510-33553, June 18, 1993, as corrected by 58 FR 44451-44454, Aug. 23, 1993.]