Public School Construction Partnership Act

Summary

Public School Construction Partnership Act - Amends the Internal Revenue Code to authorize issuance of tax-exempt private activity bonds to finance construction and rehabilitation of high-growth area public elementary and secondary schools through public-private construction and ownership agreements. Limits the annual aggregate amount of a State's tax-exempt financing. Sets forth State allocation rules, including a discretionary allocation for non high-growth school areas. Exempts such bonds from: (1) State volume caps; and (2) land use or acquisition limitations. Increases the arbitrage rebate exception for State and local bonds used to finance public schools.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 31 July 1998

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 31 July 1998

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• Introduced in Senate

  summary · EN · 31 July 1998

  Open at official source

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