H.R. 3793 (112th): Investing for Tomorrow’s Schools Act of 2012

Introduced:
Jan 18, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Heath Shuler [D-NC11]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on January 18, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 18, 2012
Referred to Committee Jan 18, 2012
Cosponsors
none
Committees

House Education and the Workforce

The committee chair determines whether a bill will move past the committee stage.

Full Title

To establish State infrastructure banks for education.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Jan 18, 2012.
16 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/18/2012--Introduced.
Investing for Tomorrow's Schools Act of 2012 - 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.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)