PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Early Childhood, Youth and Families.
Congressional Research Service
Version 00 · Introduced in House · Mar 16, 2000
Neighborhood Schools Act - Directs the Administrator of the Small Business Administration to establish a program to award loan guarantees to eligible public charter schools to guarantee to lending institutions payment of principal and interest on loans made to such schools for capital projects.Makes a school eligible to receive a loan guarantee if it submits an application with: (1) certifications that it is a public charter school as defined by the jurisdiction where it is located, and that it does not have access to funding for the project involved through the financing methods available to other public schools in the jurisdiction; (2) assurances that it will be unable to obtain financing for the project at a reasonably affordable rate of interest unless it is awarded such a loan guarantee; and (3) a business plan for the school including reasonable assurances that it will repay the loan for which the guarantee will be made.Limits the cumulative total of the principal of the loans outstanding at any time for which loan guarantees have been made under the program.Authorizes appropriations.
People & committees
Rep. Wilson, Heather [R-NM-1] · R–NM
Legislative record
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Referred to the Subcommittee on Early Childhood, Youth and Families.
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 20, 2025. Consult Congress.gov for the current record.
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