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HR 1851 107th Congress House

State Infrastructure Banks for Schools Act of 2001

Official title: To establish State infrastructure banks for education.

Introduced: May 15, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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
Jul 16, 2001
Referred to the Subcommittee on Education Reform.
Jul 16, 2001
Referred to the Subcommittee on Workforce Protections.
May 15, 2001
Referred to the House Committee on Education and the Workforce.
May 15, 2001
Introduced in House
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 Latest action July 16, 2001

Referred to the Subcommittee on Education Reform.

 Plain-English summary Congressional Research Service
State Infrastructure Banks for Schools Act of 2001 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with States for the establishment of State infrastructure banks and multistate infrastructure banks to make loans to: (1) local educational agencies for building or repairing elementary or secondary schools which provide free public education; and (2) public libraries for building or repairing library facilities.

Grants consent of Congress to the States to enter into a cooperative agreement with the Secretary, as well as an interstate compact, to establish a multistate infrastructure bank.

Prescribes infrastructure bank requirements.

Emphasizes that: (1) any infrastructure bank loan shall be used to supplement, not supplant other Federal, State, and local funds; and (2) the contribution of Federal funds into such infrastructure banks shall not be construed as a Federal commitment, guarantee, or obligation to any third party.

Mandates review by the Secretary of the financial condition of each infrastructure bank.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 3
All 3 Democratic 3
D
Schiff, Adam B.
California · Jun 19, 2001
 D
McGovern, James P.
Massachusetts · May 15, 2001
 D
Velázquez, Nydia M.
New York · May 15, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1851: State Infrastructure Banks for Schools Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1851/
MLA
"H.R. 1851: State Infrastructure Banks for Schools Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1851/.
Bluebook (legal)
H.R. 1851, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1851/.
Markdown link
[H.R. 1851: State Infrastructure Banks for Schools Act of 2001](https://openamerica.io/bill/107-HR-1851/)
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