H.R.2573: To establish State infrastructure banks for education.

To establish State infrastructure banks for education. 6/5/2007--Introduced. Investing for Tomorrow's Schools Act of 2007 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with states for the establishment of state infrastructure banks and multistate infrastructure banks for making loans to local educational agencies and public libraries for building or repairing public elementary or secondary schools and public library facilities. Grants congressional consent to states for interstate compacts to establish multistate infrastructure banks. Directs the Secretary to make grants to such banks to provide initial capital for such loans. Requires states to contribute from nonfederal sources at least 25% of the amount of each federal capitalization grant made to the state and contributed to the bank. Lists types of projects eligible for such bank loans. Directs the Secretary to establish Healthy, High Performance [...]

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