(a) General rule. In— (1) Determining under section 852(a) and paragraph (a) of §1.852-1 whether the deduction for dividends paid during the taxable year (without regard to capital gain dividends) by a regulated investment company equals or exceeds 90 percent of its investment company taxable

section 5855, Pub. L. 85–859, title II, §203(i)(1), Sept. 2, 1958, 72 Stat. 1428, made it unlawful for any person required to comply with the provisions of sections 5814, 5821

comprising this section, prior to the general revision of this chapter by Pub. L. 85–859. Amendments 1979—Pub. L. 96–39 substituted "distilled" for "rectifying and" in section catchline and struck out provisions relating to exemption from taxes imposed on rectified

(2) DEC on behalf of one or more recipient communities in Alaska; or (3) ANTHC on behalf of one or more recipient communities in Alaska. (b) Grants made to DEC or ANTHC may be obligated through a master letter of conditions for more than one recipient community; however, DEC or ANTHC together with each individual recipient community beneficiary shall execute a grant agreement on