H.R.4151 - National Indian Bonding Authority Pilot Project Act of 1996104th Congress (1995-1996)
|Sponsor:||Rep. Johnson, Tim [D-SD-At Large] (Introduced 09/24/1996)|
|Committees:||House - Economic and Educational|
|Latest Action:||10/15/1996 Referred to the Subcommittee on Early Childhood, Youth and Families. (All Actions)|
This bill has the status Introduced
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Summary: H.R.4151 — 104th Congress (1995-1996)All Bill Information (Except Text)
Introduced in House (09/24/1996)
TABLE OF CONTENTS:
Title I: Establishment of National Indian Bonding Pilot
Title II: Private Bonds
Title III: Miscellaneous Provisions
National Indian Bonding Authority Pilot Project Act of 1996 - Title I: Establishment of National Indian Bonding Pilot Authority - Establishes a commission to be known as the National Indian Bonding Pilot Project Authority to: (1) provide for the issuance of certificates of participation (revenue bonds of the Authority); and (2) promulgate regulations to carry out such issuance.
(Sec. 105) Authorizes appropriations.
Title II: Private Bonds - Directs the Authority to, by regulation, establish a program to provide for the issuance of certificates of participation and other debt instruments pursuant to an agreement between the Authority and a private underwriter to provide funding for facility improvement, repair, and new construction of schools of the Bureau of Indian Affairs under the Education Amendments Act of 1978. Provides for the transfer of funds for each fiscal year.
Title III: Miscellaneous Provisions - Requires: (1) the Authority to annually make a report to the Secretary of the Interior; and (2) the Secretary to review and make such recommendations deemed necessary to the Congress and Indian nations.