but only if- (i) prior to the payment of the original expenditure, the issuer declared its intent to reimburse such expenditure with the proceeds of such issue, (ii) not later than 60 days after payment of the original expenditure, the issuer adopts an official intent to reimburse the original expenditure with such proceeds, and (iii) the reimbursement is made not later than 18 months after the date the original expenditure is paid. (3) Limitation on issue price An obligation shall not be treated as a broadband infrastructure bond if the issue price has more than a de minimis amount (determined under rules similar to the rules of section 1273(a)(3)) of premium over the stated principal amount of the obligation. (4) Available project proceeds For purposes of this subsection, the term available project proceeds means, with respect to any issue, the sum of— (A) the excess of— (i) the proceeds from the sale of an issue, over (ii) the issuance costs financed by the issue (to the extent that such costs do not exceed 2 percent of such proceeds), plus (B) the proceeds from any investment of the excess described in subparagraph (A). (5) Qualified broadband project For purposes of this subsection, the term qualified broadband project has the meaning given such term by section 142(n). (d) Limitation on amount of bonds designated (1) National limitation There is a national broadband infrastructure bond limitation for each calendar year of $2,500,000,000. (2) State volume cap