To establish State revolving funds for school construction.
State Revolving Funds for Schools Act - Establishes a pilot program of State revolving funds for school construction.
Authorizes the Secretary of Education to enter into cooperative agreements with States for the establishment of State revolving funds and multistate revolving funds for making loans to local political subdivisions or local educational agencies for building or repairing public elementary or secondary schools.
Sets forth requirements for such revolving funds, including matching requirements.
Directs the Secretary to review and report to the Congress biennially on the financial condition of each such revolving fund.
Authorizes appropriations.
Introduced in House
Introduced in House
Referred to the House Committee on Education and the Workforce.
Referred to the Subcommittee on Early Childhood, Youth and Families.
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