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United States · Bill · HR

H.R. 1503 (102nd)

Historically Black College and University Capital Financing Act of 1991

referredUnited States· United States Congress· EN

Introduced

20 March 1991

Last action

15 April 1991 · Referred

Status

Referred to the Subcommittee on Postsecondary Education.

Sponsors

Rep. Clay, William (Bill) [D-MO-1], Rep. Wheat, Alan [D-MO-5], Rep. Wolpe, Howard E. [D-MI-3], Rep. Gordon, Bart [D-TN-6], Rep. Dellums, Ronald V. [D-CA-9], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Espy, Mike [D-MS-2], Rep. Roe, Robert A. [D-NJ-8], Rep. Rangel, Charles B. [D-NY-15], Rep. Hayes, Charles A. [D-IL-1], Rep. Ford, Harold E. [D-TN-9], Rep. Lehman, William [D-FL-17], Rep. Martinez, Matthew G. [D-CA-31], Rep. Rose, Charlie [D-NC-7], Rep. Frost, Martin [D-TX-24], Del. de Lugo, Ron [D-VI-At Large], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Valentine, Tim [D-NC-2], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Owens, Major R. [D-NY-11], Rep. Parker, Mike [R-MS-4], Rep. Bliley, Tom [R-VA-7], Rep. Mfume, Kweisi [D-MD-7], Rep. Brown, George E., Jr. [D-CA-42], Rep. Serrano, Jose E. [D-NY-15], Rep. Pickett, Owen B. [D-VA-2], Rep. Rahall, Nick J., II [D-WV-3], Rep. Jefferson, William J. [D-LA-2], Rep. Dixon, Julian C. [D-CA-32], Rep. Wise, Robert E., Jr. [D-WV-2], Rep. Evans, Lane [D-IL-17], Rep. McMillen, Thomas [D-MD-4], Rep. Sisisky, Norman [D-VA-4], Rep. Jones, Walter B. [D-NC-1], Rep. Perkins, Carl C. [D-KY-7], Rep. Spence, Floyd [R-SC-2], Rep. Studds, Gerry E. [D-MA-10], Rep. Frank, Barney [D-MA-4], Rep. Kildee, Dale E. [D-MI-5], Rep. Collins, Barbara-Rose [D-MI-15], Rep. Miller, George [D-CA-11], Rep. Lewis, John [D-GA-5], Rep. Dickinson, William L. [R-AL-2], Rep. Holloway, Clyde [R-LA-8], Rep. Skelton, Ike [D-MO-4], Rep. Stokes, Louis [D-OH-11], Rep. Walker, Robert S. [R-PA-16], Rep. Bennett, Charles E. [D-FL-3]

Subjects

Education

Source updated

26 August 2025

Education

Official sourceDownload fileView documentsShare

Summary

Historically Black College and University Capital Financing Act of 1991 - Authorizes the Secretary of Education (the Secretary) to enter into insurance agreements to provide financial insurance to guarantee full payment of principal and interest on qualified bonds to facilitate capital financing for historically Black colleges and universities (eligible institutions). Requires the Secretary to designate a qualified bonding authority that agrees to assume specified responsibilities, including using bond proceeds to make loans to eligible institutions for capital projects. Limits the aggregate principal amount of outstanding bonds insured under this Act together with any accrued unpaid interest thereon. Limits the specified portions of such aggregate amount which may be used for loans to eligible institutions that are, respectively, private or public. (Provides, for such purposes, that Lincoln University of Pennsylvania and Howard University in Washington, D.C., are public institutions.) Sets forth duties and powers of the Secretary under this Act, including procedures for designation of the bonding authority. Establishes, within the Department of Education, the Historically Black College and University Capital Financing Advisory Board. Provides for minority business enterprise utilization under this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 20 March 1991

    Introduced

    Referred to the House Committee on Education and Labor.

    Source: IntroReferral

  2. 20 March 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 20 March 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 15 April 1991

    Referred

    Referred to the Subcommittee on Postsecondary Education.

    Source: Committee

Votes

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Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 20 March 1991

    Open at official source

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Sponsors

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Related records

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Sources

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