bond which is required under State law to be approved by the bond commission of Louisiana, such bond commission, and (B) in the case of any other bond, the Governor of Louisiana, (4) such bond is issued after the date of the enactment of this section and before January 1, 2023, and (5) no portion of the proceeds of such issue is to be used to provide any property described in section 144(c)(6)(B) of such Code. (c) Limitation on bonds (1) Aggregate amount designated The maximum aggregate face amount of bonds which may be designated under this subsection with respect to any State shall not exceed the product of $2,500 multiplied by the portion of the Louisiana population which is in the Louisiana storm and flood disaster area (as determined on the basis of the most recent census estimate of resident population released by the Bureau of the Census before August 28, 2016). (2) Movable property No bonds shall be issued which are to be used for movable fixtures and equipment. (d) Qualified project costs For purposes of this subsection, the term qualified project costs means— (1) the cost of any qualified residential rental project (as defined in section 142(d) of such Code) located in the Louisiana storm and flood disaster area, and (2) the cost of acquisition, construction, reconstruction, and renovation of— (A) nonresidential real property (including fixed improvements associated with such property) located in the Louisiana storm and flood disaster area, and (B) public utility property (as defined in section 168(i)(10) of such Code) located in the Louisiana storm and flood disaster area. (e) Special rules In applying this title to any qualified Louisiana storm and flood disaster area bond, the following modifications shall apply: (1) Section 142(d)(1) of such Code (defining qualified residential rental project) shall be applied— (A) by substituting 60 percent for 50 percent in subparagraph (A) thereof, and (B) by substituting 70 percent for 60 percent in subparagraph (B) thereof. (2) Section 143 of such Code