PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Early Childhood, Youth and Families.
Congressional Research Service
Version 00 · Introduced in House · Jun 5, 1997
State Infrastructure Banks for Schools Act of 1997 - Authorizes the Secretary of the Treasury to: (1) enter into cooperative agreements with States for the establishment of State infrastructure banks and multistate infrastructure banks for making loans to local educational agencies (LEAs) for building or repairing elementary or secondary public schools; and (2) make initial capitalization grants to State and multistate infrastructure banks. Sets forth: (1) conditions, including State contribution requirements, for States to meet in order to establish such infrastructure banks; (2) authorized forms of assistance to LEAs from such banks; (3) criteria for loans; and (4) qualifying projects. Declares that the contribution of Federal funds to an infrastructure bank shall not be construed as an obligation of the United States to any third party. Directs the Secretary of the Treasury to review the financial condition of each infrastructure bank and report to the Congress. Authorizes appropriations.
People & committees
Rep. Tauscher, Ellen O. [D-CA-10] · D–CA
Legislative record
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Referred to the Subcommittee on Early Childhood, Youth and Families.
Sponsor introductory remarks on measure. (CR H3584)
Referred to the House Committee on Education and the Workforce.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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