A bill relating to the treatment of certain ground rents for purposes of the mortgage bond rules of the Internal Revenue Code of 1986.

[AI summary unavailable — showing source text] Fixes valuation standards for purposes of mortgage revenue bond purchase price requirements in connection with any ground lease having a remaining term of at least 35 years and a specified ground rent for at least the initial ten years of the term. Requires that pertinent Federal regulations be amended to reflect these standards.…