HR 1851
107th Congress
House
Education
Air conditioning
Air quality
Alternative energy sources
Architecture and the disabled
Arts, Culture, Religion
Asbestos
Asbestos abatement
Bank capital
Building construction
Coal
Commerce
Computer-assisted instruction
Computers in education
Congress
Congressional oversight
Congressional reporting requirements
Construction costs
Construction industries
Construction workers
State Infrastructure Banks for Schools Act of 2001
Introduced: May 15, 2001
See on congress.gov
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
Plain-English summary
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.
What's happening now
Referred to the Subcommittee on Education Reform.