An original resolution relating to transitional rules governing the use of tax-exempt State and municipal bonds known as mortgage bonds.

[AI summary unavailable — showing source text] Expresses the sense of the Senate that any change in the tax treatment of interest on State or local obligations issued to provide housing financing shall not apply to those obligations issued before January 1, 1981, and all the proceeds of which are, or were reasonably expected to be, committed within one year of issuance.…