by substituting “$10,000,000” for “$1,000,000” in paragraph (1), and

in determining the aggregate face amount of such issue, by taking into account not only the amount described in paragraph (2), but also the aggregate amount of capital expenditures with respect to facilities described in subparagraph (B) paid or incurred during the 6-year period beginning 3 years before the date of such issue and ending 3 years after such date (and financed otherwise than out of the proceeds of outstanding tax-exempt issues to which paragraph (1) (or the corresponding provision of prior law) applied), as if the aggregate amount of such capital expenditures constituted the face amount of a prior outstanding issue described in paragraph (2).

located in the same incorporated municipality or located in the same county (but not in any incorporated municipality), and

the principal user of which is or will be the same person or 2 or more related persons.

to replace property destroyed or damaged by fire, storm, or other casualty, to the extent of the fair market value of the property replaced,

required by a change made after the date of issue of the issue in question in a Federal or State law or local ordinance of general application or required by a change made after such date in rules and regulations of general application issued under such a law or ordinance,

required by circumstances which could not be reasonably foreseen on such date of issue or arising out of a mistake of law or fact (but the aggregate amount of expenditures not taken into account under this clause with respect to any issue shall not exceed $1,000,000), or

described in clause (i) or (ii) of section 41(b)(2)(A) for which a deduction was allowed under section 174(a),

which are located in more than 1 State, or

which have, or will have, as the same principal user the same person or related persons.

guarantees, arranges, participates in, or assists with the issuance (or pays any portion of the cost of issuance) of any bond the proceeds of which are to be used to finance or refinance such facility, and

provides any property, or any franchise, trademark, or trade name (within the meaning of section 1253), which is to be used in connection with such facility.

which are allocated to such beneficiary, and

which are outstanding at the time of such later issue (not including as outstanding any bond which is to be redeemed (other than in an advance refunding) from the net proceeds of the later issue).

exempt facility bonds, qualified small issue bonds, and qualified redevelopment bonds, and

industrial development bonds (as defined in section 103(b)(2), as in effect on the day before the date of the enactment of the Tax Reform Act of 1986) to which section 141(a) does not apply.

the date such facilities were placed in service, or

the date of issue.

any bond (other than a bond described in clause (ii)) issued after December 31, 1986, or

the average maturity date of the issue of which the refunding bond is a part is not later than the average maturity date of the bonds to be refunded by such issue,

the amount of the refunding bond does not exceed the outstanding amount of the refunded bond, and

the net proceeds of the refunding bond are used to redeem the refunded bond not later than 90 days after the date of the issuance of the refunding bond.

any manufacturing facility, or

any land or property in accordance with section 147(c)(2).

such facilities are located on the same site as the manufacturing facility, and

not more than 25 percent of the net proceeds of the issue are used to provide such facilities.

a facility which is used in the creation or production of intangible property which is described in section 197(d)(1)(C)(iii), or

a facility which is functionally related and subordinate to a manufacturing facility (determined without regard to this subclause) if such facility is located on the same site as the manufacturing facility.

the maximum amount of loans outstanding to any student, and

the maximum rate of interest payable on any loan,

the loans are directly or indirectly guaranteed by the Federal Government,

the financing of loans under the program is not limited by Federal law to the proceeds of tax-exempt bonds, and

are authorized to be paid with respect to loans made under the program, or

would be authorized to be made with respect to loans under the program if such loans were not financed with the proceeds of tax-exempt bonds, or

a State law which authorizes the issuance of such bonds for redevelopment purposes in blighted areas, and

a redevelopment plan which is adopted before such issuance by the governing body described in paragraph (4)(A) with respect to the designated blighted area,

the payment of the principal and interest on such issue is primarily secured by taxes of general applicability imposed by a general purpose governmental unit, or

any increase in real property tax revenues (attributable to increases in assessed value) by reason of the carrying out of such purposes in such area is reserved exclusively for debt service on such issue (and similar issues) to the extent such increase does not exceed such debt service,

which is acquired by a governmental unit with the proceeds of the issue, and

which is transferred to a person other than a governmental unit,

the acquisition (by a governmental unit having the power to exercise eminent domain) of real property located in such area,

the clearing and preparation for redevelopment of land in such area which was acquired by such governmental unit,

the rehabilitation of real property located in such area which was acquired by such governmental unit, and

the relocation of occupants of such real property.