legislation: 102-s-2258

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
102-s-2258 102 s 2258 Education Capital Fund Act of 1992 Education 1992-02-25 1992-02-25 Read twice and referred to the Committee on Finance. Senate Sen. Kerrey, J. Robert [D-NE] NE D K000146 2 Education Capital Fund Act of 1992 - Establishes the Education Capital Fund Board to enter into: (1) three-to-ten-year performance grant contracts (75 percent federally funded) with local educational agencies, consortia, or partnerships for programs of educational reform; and (2) three-to-ten-year contracts (50 percent federally funded) with up to five States for statewide reform initiatives. Directs the Board to: (1) establish an Advisory Board to assist in identifying components of successful schools, districts and reform initiatives, and to establish funding priorities; (2) cooperate with regional educational laboratories to establish a technical assistance referral network; (3) establish contract review and program evaluation procedures; and (4) report annually to the Congress. Amends the Internal Revenue Code to: (1) establish in the Treasury the Education Capital Fund; and (2) increase the corporate tax rate to pay for Fund expenses in years in which the Fund's unboligated balance does not exceed $1,000,000,000. 2025-08-26T15:13:32Z  

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