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School Funding: New Tax Credit Bonds for Educational Infrastructure Modernization

This act introduces new tax credit bonds (SIFIA bonds) to help finance the construction, expansion, and renovation of public schools. Investors can receive tax credits, encouraging investment in school projects, including energy-efficient ones. The goal is to improve learning environments for children and youth.
Key points
New SIFIA Bonds: Investors purchasing these bonds will receive a tax credit equal to 100% of the interest, encouraging investment in school infrastructure.
Use of Funds: 100% of the bond proceeds must be used for the design, construction, expansion, renovation, furnishing, or equipping of public elementary and secondary schools.
Net-Zero Energy Buildings: Financed school facilities must be designed as net-zero energy buildings, contributing to energy savings and environmental protection.
Funding Limit: The total aggregate amount of SIFIA bonds that can be issued is $200 billion, with $45 billion set aside for projects in rural areas.
Support for Small and Minority-Owned Businesses: The act prioritizes projects where at least 10% of equity investment is provided by small, minority-owned, or women-owned concerns, or where the general contractor or 30% of subcontractors are such concerns.
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Additional Information
Print number: 117_HR_9668
Sponsor: Rep. Sewell, Terri A. [D-AL-7]
Process start date: 2022-12-21
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SIFIA Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9668.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-21.

What are the main provisions?

Key points include:

  • New SIFIA Bonds: Investors purchasing these bonds will receive a tax credit equal to 100% of the interest, encouraging investment in school infrastructure.
  • Use of Funds: 100% of the bond proceeds must be used for the design, construction, expansion, renovation, furnishing, or equipping of public elementary and secondary schools.
  • Net-Zero Energy Buildings: Financed school facilities must be designed as net-zero energy buildings, contributing to energy savings and environmental protection.
  • Funding Limit: The total aggregate amount of SIFIA bonds that can be issued is $200 billion, with $45 billion set aside for projects in rural areas.
  • Support for Small and Minority-Owned Businesses: The act prioritizes projects where at least 10% of equity investment is provided by small, minority-owned, or women-owned concerns, or where the general contractor or 30% of subcontractors are such concerns.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Sewell, Terri A. [D-AL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Taxes Public Investments