S 526
106th Congress
Senate
Taxation
Building construction
Commerce
Construction costs
Education
Educational facilities
Educational finance
Elementary and secondary education
Elementary schools
Finance and Financial Sector
High schools
Industrial development bonds
Infrastructure
Land transfers
Land use
Maintenance and repair
Public Lands and Natural Resources
Public schools
Public-private partnerships
School buildings
Public School Construction Partnership Act
Introduced: March 3, 1999
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 1999
Read twice and referred to the Committee on Finance.
Mar 3, 1999
Sponsor introductory remarks on measure. (CR S2220)
Mar 3, 1999
Introduced in Senate
Plain-English summary
Public School Construction Partnership Act - Amends the Internal Revenue Code to provide for the treatment of qualified public educational facility bonds as exempt facility bonds. Defines a "qualified public educational facility" as any school facility which is: (1) part of a public elementary school or a public secondary school; and (2) owned by a private, for-profit corporation pursuant to a public-private partnership agreement with a State or local educational agency. Provides for an exception from the State volume cap.
Sets forth provisions concerning: (1) time-related spending requirements for public school construction bonds and doubling the arbitrage rebate exception for governmental bonds used to finance education facilities; and (2) the treatment of public school construction bonds as qualified tax-exempt obligations.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1