S. 2268
Referred to CommitteeHBCU Capital Financing Improvement Act
Latest Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
12/21/2017 • Senate
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.
Introduced in Senate • 12/21/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (7)
Party Breakdown
Sponsor
Cosponsors (6)
Bill Journey
Originated in the Senate
Introduced
December 21, 2017
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law