Investing for Tomorrow's Schools Act of 2014

Summary

Investing for Tomorrow's Schools Act of 2014 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with states to establish state and multistate infrastructure banks that make loans to local educational agencies, public libraries, and charter schools or their developers to construct or renovate public elementary or secondary schools and public libraries. Requires loans also to community learning centers to connect and improve broadband services. Grants congressional consent to states for interstate compacts to establish multistate infrastructure banks. Directs the Secretary to make grants to such banks to provide initial capital for such loans. Requires states to contribute from nonfederal sources at least 25% of the amount of each federal capitalization grant made to the state and contributed to the bank. Lists types of projects eligible for such bank loans. Requires borrowers to use, to the maximum extent practicable, green construction or renovation practices that are consistent with: (1) Leadership in Energy and Environmental Design (LEED) green building rating standards, (2) Energy Star standards, (3) Collaborative for High Performance Schools (CHPS) criteria, (4) Green Building Initiative environmental design and rating standards (Green Globes), or (5) equivalent standards adopted by the entities that have jurisdiction over them.

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Timeline

1. 30 July 2014

   Introduced

   Introduced in House

   Source: IntroReferral

2. 30 July 2014

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 July 2014

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

4. 17 November 2014

   Referred

   Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 July 2014 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2014

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2014

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 July 2014

  Open at official source

Sponsors

• Rep. Huffman, Jared [D-CA-2] · D · Sponsor
• Peter Welch · D · Cosponsor
• · hsed00 · Standing

Related records

No cross-record relationships stored yet.