MINT Act: Lowering costs for local infrastructure and community projects
This bill helps local governments fund public projects like schools and housing more affordably by restoring tax-exempt status for certain bonds. It allows cities to save taxpayer money when borrowing for essential community improvements.
Key points
Restores tax-exempt status for state and local bonds guaranteed by Federal Home Loan Banks.
Makes it cheaper for local governments to finance infrastructure and neighborhood revitalization.
Updates safety standards for these financial guarantees to protect the public interest.
Status:
Introduced
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