HBCU Capital Financing Improvement Act
- Last Action
- 2/16/2017
Actions
- 2017-02-16Referred to the House Committee on Education and the Workforce.
- 2017-02-16Introduced in House
- 2017-02-16Introduced in House
CRS Summary
As of 2017-02-16 (00)
HBCU Capital Financing Improvement Act
This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. (The program guarantees low-cost private loans to historically black colleges and universities [HBCUs] to finance infrastructure repairs, maintenance, and construction.)
It replaces statutory references to "escrow account" with "bond insurance fund."
The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan.
It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.
Cosponsors (5)
- Bradley Byrne (R-AL)
- Terri Sewell (D-AL)
- J. Hill (R-AR)
- Steve Cohen (D-TN)
- DAVID PRICE (D-NC)
Subjects
- Education programs funding
- Government lending and loan guarantees
- Higher education
- Minority education
- Securities
Sourced from Congress.gov (public domain).
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