3.0.0 410 2023-01-15T21:19:38Z 2023-01-15T21:19:38Z House H HR 2003-01-28 108 hsed00 Education and the Workforce Committee House Standing hsed14 Early Childhood, Elementary, and Secondary Education Subcommittee Referred to 2003-03-03T20:28:58Z Referred to 2003-01-28T15:20:40Z hsii00 Natural Resources Committee House Standing Referred to 2003-01-28T15:20:45Z hswm00 Ways and Means Committee House Standing Referred to 2003-01-28T15:20:35Z 2003-03-03 hsed14 Early Childhood, Elementary, and Secondary Education Subcommittee 1 House committee actions Referred to the Subcommittee on Education Reform. Committee 2003-02-12 hsii00 Natural Resources Committee 1 House committee actions Executive Comment Requested from Interior. Committee 2003-01-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsii00 Natural Resources Committee 2003-01-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2003-01-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2003-01-28 Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2003-01-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-01-28 Introduced in House IntroReferral 1000 9 Library of Congress C001044 Rep. Carson, Brad [D-OK-2] BRAD CARSON D OK 2 N Native Americans Bonds Building construction Construction costs Economics and Public Finance Education Elementary and secondary education Finance and Financial Sector Government securities Income tax Indian education Maintenance and repair Minorities Mutual funds Planning School buildings Secondary education Tax credits Taxation Native Americans 00 2003-01-28 Introduced in House 2006-11-28T17:35:40Z Permits a tribe to use amounts received through the issuance of a bond to enter into and make payments under contracts: (1) for the design and engineering of the school; and (2) with financial advisors, underwriters, attorneys, trustees, and other professionals who would be able to provide assistance to the tribe in issuing bonds.

Makes any tribal school modernization bond issued by a tribe subject to a trust agreement.

Authorizes the Secretary to deposit not more than $30 million each fiscal year into a tribal school modernization escrow account beginning in FY 2004 from amounts made available for school replacement under the construction account of the Bureau of Indian Affairs. Requires the Secretary to use any amounts deposited to make payments to trustees or for advance planning and design.

Declares that no bond shall be an obligation of, nor shall payment of the principal be guaranteed by the United States. Provides that any amounts earned through the investment of funds under the control of a trustee shall not be subject to Federal income tax.

Amends the Internal Revenue Code to allow a tax credit to individuals who hold such bonds. Permits a separation (including at issuance) of the ownership of such a bond and the entitlement to the credit with respect to such bond.]]>

Indian School Construction Act of 2003 Display Title Indian School Construction Act of 2003 Official Title as Introduced To provide for the issuance of bonds to construct and modernize Indian schools and to provide a credit against Federal income tax for holders of such bonds. Introduced in House IH Short Titles as Introduced Indian School Construction Act of 2003 Introduced in House 2003-01-28T05:00:00Z 2003-03-03 Referred to the Subcommittee on Education Reform. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.