Description:
The bill would Reauthorize certain qualified tax credit bonds and create a new school infrastructure bond program Authorize the appropriation of $7 billion for each year from 2020 through 2030 for need-based grants to qualified local education agencies for school construction and renovation Require a study of and report on the physical condition of all U.S. public schools Authorize the appropriation of a total of $562 million for the 2020-2025 period to fund Impact Aid construction grants under the Elementary and Secondary Education Act Permanently authorize the appropriation of such sums as may be necessary for grants to states to repair school foundations affected by pyrrhotite Estimated budgetary effects would primarily stem from The school infrastructure bond program New and increased authorizations of appropriations for school improvement and construction Areas of significant uncertainty include Interest rates over the next decade The scope and funding required for a comprehensive study of the physical condition of all public schools The number of schools affected by pyrrhotite
