Congress 107 - HR 379 - Public School Construction Partnership Act

Sponsor

Cosponsors

Topics

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 Privatization Public Lands and Natural Resources Public schools Public-private partnerships School buildings Secondary education Sports and Recreation Stadiums Tax-exempt securities Taxation

Full Text

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Votes

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.

Actions

Jan 31, 2001

Referred to the House Committee on Ways and Means.
Jan 31, 2001

Sponsor introductory remarks on measure. (CR E79-80)
Jan 31, 2001

Introduced in House

Amendments

Related Bills