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Public Buildings Funding: Schools, Hospitals, Safety

This act aims to facilitate the financing of renovations and construction of essential public buildings, including schools, hospitals, and public safety facilities. This enables local governments to secure funds for infrastructure improvements, directly enhancing the quality of services available to citizens without increasing tax burdens.
Key points
Allows tax-exempt financing for the construction and renovation of schools, colleges, libraries, courts, hospitals, healthcare facilities, and public safety facilities (police, fire, ambulance).
Establishes a national limit of $5 billion for this type of financing, meaning not all projects will receive support.
Excludes financing for recreational, entertainment, or retail facilities like golf courses, casinos, or sports stadiums.
Requires entities receiving funds for construction to comply with prevailing wage and labor standards (Davis-Bacon Act).
Ensures projects will not result in a net loss of jobs, benefiting local communities.
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Additional Information
Print number: 117_HR_1396
Sponsor: Rep. Blumenauer, Earl [D-OR-3]
Process start date: 2021-02-26