summary
Introduced
12/21/2017
12/21/2017
In Committee
12/21/2017
12/21/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
HBCU Capital Financing Improvement Act This bill amends the Higher Education Act of 1965 to modify the HBCU Capital Financing Program, which guarantees low-cost private loans to historically black colleges and universities (HBCUs) to finance infrastructure repairs, maintenance, and construction. It replaces statutory references to "escrow account" with "bond insurance fund." The bill authorizes the Department of Education to provide financial counseling that prepares an eligible HBCU to qualify for, apply for, and maintain a capital improvement loan. It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board.
AI Summary
This bill amends the Higher Education Act of 1965 to modify the HBCU (Historically Black Colleges and Universities) Capital Financing Program. It replaces references to "escrow account" with "bond insurance fund" and authorizes the Department of Education to provide financial counseling to help eligible HBCUs qualify for, apply for, and maintain capital improvement loans. The bill also revises and expands the reporting requirements for the HBCU Capital Financing Advisory Board, including requiring an annual report on the status of HBCUs in the capital financing program and any administrative or legislative recommendations for addressing construction financing issues facing HBCUs.
Committee Categories
Health and Social Services
Sponsors (7)
Cory Booker (D)*,
Sherrod Brown (D),
Kamala Harris (D),
Doug Jones (D),
Tim Kaine (D),
Claire McCaskill (D),
David Perdue (R),
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 12/21/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/senate-bill/2268/all-info |
| BillText | https://www.congress.gov/115/bills/s2268/BILLS-115s2268is.pdf |
| Bill | https://www.congress.gov/115/bills/s2268/BILLS-115s2268is.pdf.pdf |
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