To establish a National Indian Bonding Authority Pilot Project to oversee the issuance of bonds to provide funding for the construction of schools of the Bureau of Indian Affairs of the Department of the Interior, and for other purposes.
TABLE OF CONTENTS:
Title I: Establishment of National Indian Bonding Pilot
Authority
Title II: Private Bonds
Title III: Miscellaneous Provisions
National Indian Bonding Authority Pilot Project Act of 1996 - Title I: Establishment of National Indian Bonding Pilot Authority - Establishes a commission to be known as the National Indian Bonding Pilot Project Authority to: (1) provide for the issuance of certificates of participation (revenue bonds of the Authority); and (2) promulgate regulations to carry out such issuance.
(Sec. 105) Authorizes appropriations.
Title II: Private Bonds - Directs the Authority to, by regulation, establish a program to provide for the issuance of certificates of participation and other debt instruments pursuant to an agreement between the Authority and a private underwriter to provide funding for facility improvement, repair, and new construction of schools of the Bureau of Indian Affairs under the Education Amendments Act of 1978. Provides for the transfer of funds for each fiscal year.
Title III: Miscellaneous Provisions - Requires: (1) the Authority to annually make a report to the Secretary of the Interior; and (2) the Secretary to review and make such recommendations deemed necessary to the Congress and Indian nations.
Introduced in House
Introduced in House
Referred to the House Committee on Economic and Educational Opportunities.
Sponsor introductory remarks on measure. (CR E1683)
Referred to the Subcommittee on Early Childhood, Youth and Families.
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