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Investing for Tomorrow's Schools Act of 2014

Introduced: July 30, 2014 Introduced by: Huffman, Jared Democratic · California See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 17, 2014
Referred to the Subcommittee on Workforce Protections.
Nov 17, 2014
Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Jul 30, 2014
Referred to the House Committee on Education and the Workforce.
Jul 30, 2014
Introduced in House
 Plain-English summary Congressional Research Service

Investing for Tomorrow's Schools Act of 2014 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with states to establish state and multistate infrastructure banks that make loans to local educational agencies, public libraries, and charter schools or their developers to construct or renovate public elementary or secondary schools and public libraries. Requires loans also to community learning centers to connect and improve broadband services.

Grants congressional consent to states for interstate compacts to establish multistate infrastructure banks.

Directs the Secretary to make grants to such banks to provide initial capital for such loans.

Requires states to contribute from nonfederal sources at least 25% of the amount of each federal capitalization grant made to the state and contributed to the bank.

Lists types of projects eligible for such bank loans.

Requires borrowers to use, to the maximum extent practicable, green construction or renovation practices that are consistent with: (1) Leadership in Energy and Environmental Design (LEED) green building rating standards, (2) Energy Star standards, (3) Collaborative for High Performance Schools (CHPS) criteria, (4) Green Building Initiative environmental design and rating standards (Green Globes), or (5) equivalent standards adopted by the entities that have jurisdiction over them.

What's happening now November 17, 2014

Referred to the Subcommittee on Workforce Protections.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1