HR 1822 105th Congress House Education Asbestos Asbestos abatement Bank capital Building construction Collection of accounts Economics and Public Finance Educational finance Elementary and secondary education Elementary schools Energy Energy conservation Environmental Protection Federal aid to education Finance and Financial Sector Government Operations and Politics Government lending Government paperwork Government securities High schools

State Infrastructure Banks for Schools Act of 1997

Introduced: June 5, 1997 See on congress.gov

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

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.

What's happening now June 20, 1997

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

Committees of jurisdiction 2