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HR 1503 102th Congress House Education Black colleges Black history Bonds Federal advisory bodies Federal aid to higher education Investment guaranty insurance Minority business enterprises

Historically Black College and University Capital Financing Act of 1991

Introduced: March 20, 1991 See on congress.gov
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 1991
Referred to the Subcommittee on Postsecondary Education.
Mar 20, 1991
Referred to the House Committee on Education and Labor.
Mar 20, 1991
Introduced in House
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 Plain-English summary Congressional Research Service

Historically Black College and University Capital Financing Act of 1991 - Authorizes the Secretary of Education (the Secretary) to enter into insurance agreements to provide financial insurance to guarantee full payment of principal and interest on qualified bonds to facilitate capital financing for historically Black colleges and universities (eligible institutions).

Requires the Secretary to designate a qualified bonding authority that agrees to assume specified responsibilities, including using bond proceeds to make loans to eligible institutions for capital projects.

Limits the aggregate principal amount of outstanding bonds insured under this Act together with any accrued unpaid interest thereon. Limits the specified portions of such aggregate amount which may be used for loans to eligible institutions that are, respectively, private or public. (Provides, for such purposes, that Lincoln University of Pennsylvania and Howard University in Washington, D.C., are public institutions.)

Sets forth duties and powers of the Secretary under this Act, including procedures for designation of the bonding authority.

Establishes, within the Department of Education, the Historically Black College and University Capital Financing Advisory Board.

Provides for minority business enterprise utilization under this Act.

What's happening now April 15, 1991

Referred to the Subcommittee on Postsecondary Education.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 4
D
Neal, Richard E.
Massachusetts · Aug 2, 1991
 D
Pelosi, Nancy
California · Jul 30, 1991
 D
Mfume, Kweisi
Maryland · Jun 19, 1991
 D
Norton, Eleanor Holmes
District of Columbia · May 7, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1503: Historically Black College and University Capital Financing Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-1503/
MLA
"H.R. 1503: Historically Black College and University Capital Financing Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-1503/.
Bluebook (legal)
H.R. 1503, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-1503/.
Markdown link
[H.R. 1503: Historically Black College and University Capital Financing Act of 1991](https://openamerica.io/bill/102-HR-1503/)
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