legislation: 114-hr-5530

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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
114-hr-5530 114 hr 5530 HBCU Capital Financing Improvement Act Education 2016-06-20 2016-07-12 Received in the Senate and Read twice and referred to the Committee on Health, Education, Labor, and Pensions. House Rep. Adams, Alma S. [D-NC-12] NC D A000370 12 HBCU Capital Financing Improvement Act (Sec. 2) 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." (Sec. 3) 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. (Sec. 4) It revises and expands reporting requirements for the HBCU Capital Financing Advisory Board. 2023-01-11T13:32:45Z  

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