[Congressional Record Volume 168, Number 156 (Tuesday, September 27, 2022)]
[Senate]
[Page S5082]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5715. Mr. ROUNDS submitted an amendment intended to be proposed to 
amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) 
and intended to be proposed to the bill H.R. 7900, to authorize 
appropriations for fiscal year 2023 for military activities of the 
Department of Defense, for military construction, and for defense 
activities of the Department of Energy, to prescribe military personnel 
strengths for such fiscal year, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the end of subtitle F of title V, add the following:

     SEC. 575. LEASE-TO-PURCHASE AGREEMENTS TO BE INCLUDED IN 
                   BONDED INDEBTEDNESS CALCULATION.

       Section 7007(b)(3) of the Elementary and Secondary 
     Education Act of 1965 (20 U.S.C. 7707(b)(3)) is amended by 
     adding at the end the following:
       ``(F) Lease purchase agreements.--With respect to any local 
     educational agency that is eligible to receive funding under 
     this subsection, the amount of debt incurred by the local 
     educational agency under a lease purchase agreement shall be 
     deemed to be bonded debt for purposes of determining the 
     local educational agency's bonded indebtedness under this 
     subsection.''.
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