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New Tax Credit Bonds for Green School Infrastructure

This act introduces a new type of tax credit bond, called SIFIA bonds, to support the financing of public school construction, expansion, and renovation. Private entities can build modern, energy-efficient school buildings, and investors purchasing these bonds will receive tax credits. The goal is to improve educational infrastructure and promote sustainable development.
Key points
Introduction of tax credits for individuals and companies purchasing bonds to finance school projects.
Funding is for the construction, expansion, and renovation of public schools, which must be net-zero energy buildings.
Private entities will build and manage facilities, then transfer them to educational agencies at no additional cost.
The act sets limits on the total amount of bonds, with a portion reserved for rural areas.
Preference in allocation of funds for small, minority-owned, and women-owned development firms.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2440
Sponsor: Rep. Hudson, Richard [R-NC-9]
Process start date: 2025-03-27
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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 119_HR_2440.

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 2025-03-27.

What are the main provisions?

Key points include:

  • Introduction of tax credits for individuals and companies purchasing bonds to finance school projects.
  • Funding is for the construction, expansion, and renovation of public schools, which must be net-zero energy buildings.
  • Private entities will build and manage facilities, then transfer them to educational agencies at no additional cost.
  • The act sets limits on the total amount of bonds, with a portion reserved for rural areas.
  • Preference in allocation of funds for small, minority-owned, and women-owned development firms.
What is the specific legal status?

The current status is Introduced.

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. Hudson, Richard [R-NC-9].

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 2025-12-22.

CATEGORIES

Education Taxes Public Investments