applicable share

(ii)For purposes of the clause (i), the term “applicable share” means, with respect to any period, the natural gas allocable to such period if the gas were allocated ratably over the period to which the prepayment relates. (G)Subparagraph (A) shall cease to apply to any issue if the utility owned by the governmental unit engages in any intentional act to render the volume of natural gas acquired by such prepayment to be in excess of the sum of— (i)the amount of natural gas needed (other than for resale) by customers of such utility who are located within the service area of such utility, and (ii)the amount of natural gas used to transport such natural gas to the utility.

Source

26 USC § 148(b)(4)(F)(ii)


Scoping language

For purposes of this section
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