Lifting Our Communities through Advance Liquidity for Infrastructure Act or the LOCAL Infrastructure Act
This bill reinstates tax provisions relating to advance refunding bonds. An advance refunding bond is a tax-exempt bond issued by a state or municipality to refinance or consolidate existing bond obligations.
To amend the Internal Revenue Code of 1986 to reinstate advance 
                            refunding bonds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Lifting Our Communities through 
Advance Liquidity for Infrastructure Act'' or the ``LOCAL 
Infrastructure Act''.

SEC. 2. REINSTATEMENT OF ADVANCE REFUNDING BONDS.

    (a) In General.--The amendments made by section 13532 of Public Law 
115-97 are repealed and the provisions of law amended by such section 
are restored as if such section had never been enacted.
    (b) Effective Date.--The repeal made by this section shall take 
effect on the date of enactment of this Act.
                                 <all>
LOCAL Infrastructure Act
A bill to amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
LOCAL Infrastructure Act
Lifting Our Communities through Advance Liquidity for Infrastructure Act
Sen. Wicker, Roger F.