Funding Modern, Net-Zero Energy Schools via New Tax Credit Bonds.
This law establishes a new financing tool (SIFIA bonds) dedicated solely to the construction, expansion, and renovation of public elementary and secondary schools. A core requirement is that all facilities financed must be net-zero energy buildings, aiming to reduce operational costs and support environmental goals. Citizens can expect improved educational infrastructure in their communities, focusing on modern, environmentally friendly designs.
Key points
New school construction and renovations must result in net-zero energy buildings, potentially lowering long-term operating costs for school districts.
The funding mechanism uses special tax credit bonds (SIFIA), offering investors tax credits against federal tax instead of traditional interest payments.
A total of $10 billion is authorized for these projects, with a specific set-aside of $1 billion for rural area school infrastructure.
Expired
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