Public School Construction Partnership Act

Summary

Public School Construction Partnership Act - Amends the Internal Revenue Code to provide for the treatment of qualified public educational facility bonds as exempt facility bonds. Defines a "qualified public educational facility" as any school facility which is: (1) part of a public elementary school or a public secondary school; and (2) owned by a private, for-profit corporation pursuant to a public-private partnership agreement with a State or local educational agency. Provides for an exception from the State volume cap. Sets forth provisions concerning: (1) time-related spending requirements for public school construction bonds and doubling the arbitrage rebate exception for governmental bonds used to finance education facilities; and (2) the treatment of public school construction bonds as qualified tax-exempt obligations.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 March 1999

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 March 1999

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• Introduced in Senate

  summary · EN · 3 March 1999

  Open at official source

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