In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
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Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Municipal Bond Market Support Act of
2008''.

SEC. 2. MODIFICATION OF SMALL ISSUER EXCEPTION TO TAX-EXEMPT INTEREST
EXPENSE ALLOCATION RULES FOR FINANCIAL INSTITUTIONS.

(a) Increase in Limitation.--Subparagraphs (C)(i), (D)(i), and
(D)(iii)(II) of section 265(b)(3) of the Internal Revenue Code of 1986
are each amended by striking ''$10,000,000'' and inserting
''$30,000,000''.
(b) Repeal of Aggregation Rules Applicable to Small Issuer
Determination.--Paragraph (3) of section 265(b) of such Code is amended
by striking subparagraphs (E) and (F).
(c) Election To Apply Limitation at Borrower Level.--Paragraph (3)
of section 265(b) of such Code, as amended by subsection (b), is
amended by adding at the end the following new subparagraph:
''(E) Election to apply limitation on amount of
obligations at borrower level.--
''(i) In general.--An issuer, the proceeds
of the obligations of which are to be used to
make or finance eligible loans, may elect to
apply subparagraphs (C) and (D) by treating
each borrower as the issuer of a separate
issue.
''(ii) Eligible loan.--For purposes of this
subparagraph--
''(I) In general.--The term
'eligible loan' means one or more loans
to a qualified borrower the proceeds of
which are used by the borrower and the
outstanding balance of which in the
aggregate does not exceed $30,000,000.
''(II) Qualified borrower.--The
term 'qualified borrower' means a
borrower which is an organization
described in section 501(c)(3) and
exempt from taxation under section
501(a) or a State or political
subdivision thereof.
''(iii) Manner of election.--The election
described in clause (i) may be made by an
issuer for any calendar year at any time prior
to its first issuance during such year of
obligations the proceeds of which will be used
to make or finance one or more eligible
loans.''.
(d) Inflation Adjustment.--Paragraph (3) of section 265(b) of such
Code, as amended by subsections (b) and (c), is amended by adding at
the end the following new subparagraph:
''(F) Inflation adjustment.--In the case of any
calendar year after 2009, the $30,000,000 amounts
contained in subparagraphs (C)(i), (D)(i),
(D)(iii)(II), and (E)(ii)(I) shall each be increased by
an amount equal to--
''(i) such dollar amount, multiplied by
''(ii) the cost-of-living adjustment
determined under section 1(f)(3) for such
calendar year, determined by substituting
'calendar year 2008' 'for calendar year 1992'
in subparagraph (B) thereof.
Any increase determined under the preceding sentence
shall be rounded to the nearest multiple of
$100,000.''.
(e) Effective Date.--The amendments made by this section shall
apply to obligations issued after December 31, 2008.

SEC. 3. DE MINIMIS SAFE HARBOR EXCEPTION FOR TAX-EXEMPT INTEREST
EXPENSE OF FINANCIAL INSTITUTIONS AND BROKERS.

(a) Financial Institutions.--Subsection (b) of section 265 of the
Internal Revenue Code of 1986 is amended by adding at the end the
following new paragraph:
''(7) De minimis exception.--Paragraph (1) shall not apply
to any financial institution if the portion of the taxpayer's
holdings of tax-exempt securities is less than 2 percent of the
taxpayer's assets.''.
(b) Brokers.--Subsection (a) of section 265 of the Internal Revenue
Code of 1986 is amended by adding at the end the following new
paragraph:
''(7) De minimis exception.--Paragraph (2) shall not apply
to any broker (as defined in section 6045(c)(1)) if the portion
of the taxpayer's holdings of tax-exempt securities is less
than 2 percent of the taxpayer's assets.''.
(c) Effective Date.--The amendments made by this section shall
apply to taxable years beginning after the date of the enactment of
this Act.

Answer: Municipal Bond Market Support Act of 2008 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) increase from $10 to $30 million the annual limit on small issuers of tax-exempt municipal bonds; (2) allow an inflation adjustment to such increased limit amount after 2009; (3) repeal aggregation rules relating to the determination of small issuer eligibility; (4) allow small issuers an election to treat borrowers separately for purposes of issuance limitations; and (5) allow financial institutions and brokers to hold up to 2% of their assets in tax-exempt securities without affecting their interest expense tax deduction.

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Buyback Our Safety Act''.

SEC. 2. GUN BUYBACK GRANT PROGRAM.

(a) In General.--The Attorney General, through the Assistant
Attorney General for the Office of Justice Programs of the Department
of Justice, shall establish a gun buyback grant program under which the
Assistant Attorney General may make grants to law enforcement agencies
of States, units of local government, and Indian tribal governments to
assist in funding gun buyback programs carried out by such agencies.
(b) Gun Buyback Program Defined.--For purposes of this section, the
term ''gun buyback program'' means, with respect to a law enforcement
agency of a State, unit of local government, or Indian tribal
government, a program carried out by such agency under which guns are
purchased or surrendered to such agency.
(c) Applications.--A law enforcement agency described in subsection
(a) desiring a grant under this section shall submit to the Assistant
Attorney General for the Office of Justice Programs an application for
the grant, in accordance with subsection (d) and which shall be in such
form and contain such information as the Assistant Attorney General may
require.
(d) Requirements.--The Assistant Attorney General may make a grant
under this section to a law enforcement agency described in subsection
(a), with respect to a gun buyback program, only if the application
submitted under subsection (c) by such agency provides assurances
that--
(1) the law enforcement agency will adequately advertise
such program to the public;
(2) such program will be administered by law enforcement
personnel;
(3) all guns received through such program will remain in
the possession of law enforcement personnel;
(4) adequate safeguards will be established and followed to
prevent the occurrence of fraud in such program;
(5) the law enforcement agency will have in place a process
to test on site a gun purchased from an individual through such
program before payment is provided to such individual; and
(6) an adequate process will be in place to destroy all
guns received through such program.
(e) Matching Requirement.--
(1) In general.--Subject to paragraph (2), to be eligible
for a grant under this section, a law enforcement agency must
certify that the law enforcement agency will match all Federal
funds provided under such grant with an equal amount of cash or
in-kind goods or services from other non-Federal sources.
(2) Waiver.--The Assistant Attorney General for the Office
of Justice Programs may waive, wholly or in part, the matching
requirement under paragraph (1) with respect to a grant made
under this section to a law enforcement agency for a gun
buyback program if such program provides for obtaining only the
guns identified by the National Academy of Sciences pursuant to
subsection (f).
(f) National Academy of Sciences Standards.--The Attorney General,
through the Assistant Attorney General for the Office of Justice
Programs, shall enter into an arrangement with the National Academy of
Sciences to develop standards for identifying, and identify, guns that
are the most likely to be used in violent crimes and establish a
pricing scale for purchasing guns so identified through gun buyback
programs receiving grants under this section.
(g) Reports.--
(1) Reports required by grantees.--In the case of a law
enforcement agency described in subsection (a) receiving a
grant under this section with respect to a gun buyback program,
such agency shall submit to the Assistant Attorney General for
the Office of Justice Programs--
(A) not later than 90 days after receipt of such
grant and every 90 days thereafter during the period
for which the program is carried out, a report
including--
(i) the number and types of guns collected
and destroyed through such program during such
period; and
(ii) recommendations for improving future
gun buyback programs in the jurisdiction of
such agency; and
(B) not later than 90 days after the last day of
such program, a final report including the information
described in each of subclauses (I) and (II) of clause
(i) with respect to the duration of the program.
(2) Reports by the office of justice programs.--Not later
than one year after the date of the enactment of this section
and annually thereafter, the Assistant Attorney General for the
Office of Justice Programs shall submit to Congress a report
on--
(A) the number of gun buyback programs that
received funding under this section;
(B) the number of guns received through each such
gun buyback program;
(C) the total number of guns purchased through all
such gun buyback programs; and
(D) recommendations on improving the grant program
under this section and gun buyback programs.
(h) Definitions.--For purposes of this section:
(1) State.--The term ''State'' means each of the 50 States,
the District of Columbia, the Commonwealth of Puerto Rico, the
United States Virgin Islands, American Samoa, Guam, and the
Northern Mariana Islands.
(2) Unit of local government.--The term ''unit of local
government'' means a county, municipality, town, township,
village, parish, borough, or other unit of general government
below the State level.
(3) Violent crime.--The term ''violent crime'' means
murder, non-negligent manslaughter, forcible rape, robbery, and
aggravated assault, as reported by the Federal Bureau of
Investigation for purposes of the Uniform Crime Report.
(i) Authorization of Appropriations.--There are authorized to be
appropriated to carry out this section $15,000,000 for the period of
fiscal years 2018 through 2022.

Answer: Buyback Our Safety Act This bill authorizes the Department of Justice's Office of Justice Programs (OJP) to establish a gun buyback grant program for state, local, and tribal law enforcement agencies. The OJP must enter into an arrangement with the National Academy of Sciences to develop standards to identify the guns likely to be used in violent crimes and to establish a pricing scale for guns purchased through a gun buyback program.

Question: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Consistent Public Land Laws
Enforcement Act of 2002''.

SEC. 2. CONSISTENT ENFORCEMENT AUTHORITY REGARDING NATIONAL PARK SYSTEM
LANDS, NATIONAL FOREST LANDS, AND OTHER PUBLIC LANDS.

(a) Lands Under Jurisdiction of Bureau of Land Management.--Section
303(a) of the Federal Land Policy and Management Act of 1976 (43 U.S.C.
1733(a)) is amended by striking the second sentence and inserting the
following new sentences: ''A violation of any such regulation shall be
a Class B misdemeanor, except that a person who knowingly and willfully
violates any such regulation shall be guilty of a Class A misdemeanor,
subject to fine as provided in section 3571 of title 18, United States
Code, or imprisonment as provided in section 3581 of that title, or
both. A person who violates any such regulation may also be adjudged to
pay all costs of the proceedings.''.
(b) National Park System Lands.--
(1) Enforcement.--Section 3 of the Act of August 25, 1916
(popularly known as the National Park Service Organic Act; 16
U.S.C. 3) is amended in the first sentence--
(A) by striking ''That the Secretary'' and
inserting ''(a) Regulations for Use and Management of
National Park System; Enforcement.--The Secretary'';
and
(B) by striking ''Service,'' and all that follows
through ''proceedings.'' and inserting the following:
''Service. A violation of any such rule or regulation
shall be a Class B misdemeanor, except that a person
who knowingly and willfully violates any such rule or
regulation shall be guilty of a Class A misdemeanor,
subject to fine as provided in section 3571 of title
18, United States Code, or imprisonment as provided in
section 3581 of that title, or both. A person who
violates any such rule or regulation may also be
adjudged to pay all costs of the proceedings.''.
(2) Conforming amendments.--Such section is further
amended--
(A) by striking ''He may also'' the first place it
appears and inserting the following:
''(b) Special Management Authorities.--The Secretary of the
Interior may'';
(B) by striking ''He may also'' the second place it
appears and inserting ''The Secretary may''; and
(C) by striking ''No natural,'' and inserting the
following:
''(c) Lease and Permit Authorities.--No natural''.
(c) National Forest System Lands.--The eleventh undesignated
paragraph under the heading ''surveying the public lands'' of the Act
of June 4, 1897 (16 U.S.C. 551), is amended by striking ''destruction;
and any'' and all that follows through ''or both.'' and inserting the
following: ''destruction. A violation of any such rule or regulation
shall be a Class B misdemeanor, except that a person who knowingly and
willfully violates any such rule or regulation shall be guilty of a
Class A misdemeanor, subject to fine as provided in section 3571 of
title 18, United States Code, or imprisonment as provided in section
3581 of that title, or both. A person who violates any such rule or
regulation may also be adjudged to pay all costs of the proceedings.''.

SEC. 3. CONSISTENT AUTHORITIES REGARDING USE OF COLLECTED FINES.

(a) Lands Under Jurisdiction of Bureau of Land Management.--Section
305 of the Federal Land Policy and Management Act of 1976 (43 U.S.C.
1735), is amended by adding at the end the following new subsection:
''(d) Use of Collected Fines.--
''(1) Availability and authorized use.--Any moneys received
by the United States as a result of a fine imposed under
section 3571 of title 18, United States Code, for a violation
of a regulation prescribed under section 303(a) shall be
available to the Secretary, without further appropriation and
until expended, for the following purposes:
''(A) To cover the cost to the United States of any
improvement, protection, or rehabilitation work on the
public lands rendered necessary by the action which led
to the fine.
''(B) To increase public awareness of regulations
and other requirements regarding the use of the public
lands.
''(2) Return of excess funds to treasury.--Moneys referred
to in paragraph (1) that the Secretary determines are excess to
the amounts necessary to carry out the purposes specified in
such paragraph shall be transferred to miscellaneous
receipts.''.
(b) National Park System Lands.--Section 3 of the Act of August 25,
1916 (popularly known as the National Park Service Organic Act; 16
U.S.C. 3), as amended by section 2(b), is further amended by adding at
the end the following new subsection:
''(d) Use of Collected Fines.--
''(1) Availability and authorized use.--Any moneys received
by the United States as a result of a fine imposed under
section 3571 of title 18, United States Code, for a violation
of a rule or regulation prescribed under this section shall be
available to the Secretary of the Interior, without further
appropriation and until expended, for the following purposes:
''(A) To cover the cost to the United States of any
improvement, protection, or rehabilitation work on the
National Park System lands rendered necessary by the
action which led to the fine.
''(B) To increase public awareness of rules,
regulations, and other requirements regarding the use
of the such lands.
''(2) Return of excess funds to treasury.--Moneys referred
to in paragraph (1) that the Secretary determines are excess to
the amounts necessary to carry out the purposes specified in
such paragraph shall be transferred to miscellaneous
receipts.''.
(c) National Forest System Lands.--Section 7 of the Act of June 20,
1958 (16 U.S.C. 579c), is amended--
(1) by inserting ''(a) Treatment of Certain Moneys Received
on Behalf of Forest Service.--'' before ''Any funds'';
(2) by striking ''contract or (2)'' and inserting
''contract, (2)'';
(3) by inserting after ''improvements,'' the following:
''or (3) as a result of a fine imposed under section 3571 of
title 18, United States Code, for a violation of a rule or
regulation prescribed by the Secretary of Agriculture with
respect to such lands,'';
(4) by striking ''to cover'' and all that follows through
the end of the section and inserting the following: ''for the
purposes specified in subsection (b).''; and
(5) by adding at the end the following new subsection:
''(b) Authorized Use.--
''(1) In general.--The moneys referred to in subsection (a)
shall be available to the Secretary of Agriculture for the
following purposes:
''(A) To cover the cost to the United States of any
improvement, protection, or rehabilitation work on
National Forest System lands rendered necessary by the
action which led to the fine, forfeiture, judgment,
compromise, or settlement.
''(B) To increase public awareness of rules,
regulations, and other requirements regarding the use
of the such lands.
''(2) Return of excess funds to treasury.--Moneys referred
to in subsection (a) that the Secretary determines are excess
to the amounts necessary to carry out the purposes specified in
paragraph (1) shall be transferred to miscellaneous
receipts.''.

Answer:
Consistent Public Land Laws Enforcement Act of 2002 - Amends the Federal Land Policy and Management Act of 1976, the National Park Service Organic Act, and other Federal law to classify as a Class B misdemeanor a violation of any regulation concerning the management, use, and protection of National Park System lands, National Forest lands, and other public lands. Makes a person guilty of a Class A misdemeanor (subject to a higher fine and/or imprisonment) for the knowing and willful violation of any such regulation. Provides authority to adjudge persons who commit such a violation to pay all costs of the proceedings.Allows fines so collected to be used to: (1) cover the costs of improvement, protection, or rehabilitation of the public lands rendered necessary by such violation; and (2) increase public awareness of such regulations and other requirements concerning public land use.