HBCU Capital Financing Improvement Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Feb 16, 2017)
HBCU Capital Financing Improvement Act
This bill amends title III (Institutional Aid) of the Higher Education Act of 1965 to modify the HBCU Capital Financing Program. (The program 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.
What just happenedFeb 16, 2017
Referred to the House Committee on Education and the Workforce.
Who’s behind it
- Introduced in HouseFeb 16, 2017
- Feb 16, 2017IntroReferralH11100
Referred to the House Committee on Education and the Workforce.
Education and the Workforce Committee - Feb 16, 2017IntroReferralIntro-H
Introduced in House
- Feb 16, 2017IntroReferral1000
Introduced in House