SAN FRANCISCO - San Jose, Calif.'s Norman Y. Mineta International Airport added a tax-exempt private-activity series to its commercial paper program last week as it began to take advantage of the alternative minimum tax holiday.

The American Recovery and Reinvestment Act, passed in February, allows private-activity issuers to sell new-money tax-exempt debt in 2009 and 2010. Interest on airport, housing, and other private-activity bonds is generally subject to the alternative minimum tax.

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