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HR 1822 105th Congress House

State Infrastructure Banks for Schools Act of 1997

Official title: To establish State infrastructure banks for education.

Introduced: June 5, 1997 See on congress.gov
Education AsbestosAsbestos abatementBank capitalBuilding construction
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Collection of accountsEconomics and Public FinanceEducational financeElementary and secondary educationElementary schoolsEnergyEnergy conservationEnvironmental ProtectionFederal aid to educationFinance and Financial SectorGovernment Operations and PoliticsGovernment lendingGovernment paperworkGovernment securitiesHigh schools
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 20, 1997
Referred to the Subcommittee on Early Childhood, Youth and Families.
Jun 10, 1997
Sponsor introductory remarks on measure. (CR H3584)
Jun 5, 1997
Referred to the House Committee on Education and the Workforce.
Jun 5, 1997
Introduced in House
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 Latest action June 20, 1997

Referred to the Subcommittee on Early Childhood, Youth and Families.

 Plain-English summary Congressional Research Service

State Infrastructure Banks for Schools Act of 1997 - Authorizes the Secretary of the Treasury to: (1) enter into cooperative agreements with States for the establishment of State infrastructure banks and multistate infrastructure banks for making loans to local educational agencies (LEAs) for building or repairing elementary or secondary public schools; and (2) make initial capitalization grants to State and multistate infrastructure banks.

Sets forth: (1) conditions, including State contribution requirements, for States to meet in order to establish such infrastructure banks; (2) authorized forms of assistance to LEAs from such banks; (3) criteria for loans; and (4) qualifying projects. Declares that the contribution of Federal funds to an infrastructure bank shall not be construed as an obligation of the United States to any third party.

Directs the Secretary of the Treasury to review the financial condition of each infrastructure bank and report to the Congress.

Authorizes appropriations.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Democratic 5
D
Sherman, Brad
California · Jul 16, 1997
 D
Pelosi, Nancy
California · Jun 23, 1997
 D
Velázquez, Nydia M.
New York · Jun 23, 1997
 D
Lofgren, Zoe
California · Jun 5, 1997
 D
McGovern, James P.
Massachusetts · Jun 5, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1822: State Infrastructure Banks for Schools Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-1822/
MLA
"H.R. 1822: State Infrastructure Banks for Schools Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-1822/.
Bluebook (legal)
H.R. 1822, 105th Cong. (2026), https://openamerica.io/bill/105-HR-1822/.
Markdown link
[H.R. 1822: State Infrastructure Banks for Schools Act of 1997](https://openamerica.io/bill/105-HR-1822/)
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