,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #afbi  ,,in ,,the ,,house ,,of  
,,representatives  ,april #ah1 #bjac    
,mr4 ,rangel introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code to make permanent qualified      
school construction bonds and qualified 
zone academy bonds1 to treat qualified  
zone academy bonds as specified tax     
credit bonds1 and to modify the private 
business contribution requirement for   
qualified zone academy bonds4  #a4      
,short title ,this ,act may be cited as 
the ,rebuilding ,america's ,schools     
,act4  #b4 ,qualified school            
construction bonds  7a7 ,in general     
,subsection 7c7 of section #ed;,f of the
 ,internal ,revenue ,code of #aihf is   
amended to read as follows3  7c7        
,national limitation on amount of bonds 
designated ,there is a national         
qualified school construction bond      
limitation for each calendar year after 

#bjac in the amount of #aa1jjj1jjj1jjj4 
4  7b7 ,effective date ,the amendment   
made by this section shall apply to     
obligations issued after ,december #ca1 
#bjac4  #c4 ,modifications relating to  
qualified zone academy bonds  7a7       
,limitation made permanent ,paragraph   
7#a7 of section #ed;,e7c7 of the        
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7#a7       
,national limitation ,there is a        
national zone academy bond limitation   
for each calendar year after #bjac in   
the amount of #a1djj1jjj1jjj4  4  7b7   
,bond proceeds available for            
construction ,paragraph 7#c7 of section 
#ed;,e7d7 of such ,code is amended by   
striking rehabilitating or repairing and
 inserting constructing1 rehabilitating1
 or repairing4  7c7 ,modification of    
private business contribution           
requirement ,subsection 7b7 of section  
#ed;,e of such ,code is amended--  7#a7 
by striking if the eligible local       
education agency and inserting  if--    

7#a7 the eligible local education agency
  1 and  7#b7 by striking the period at 
the end and inserting  1 or 7#b7 the    
issue will be pooled with other such    
issues through the acquisition by1 or   
the sponsorship or assistance of1 a     
private1 nonprofit corporation          
established in the ,district of         
,columbia and specifically recognized by
 ,congress for the purpose of leveraging
 resources and stimulating private      
investment in education technology      
infrastructure4  4  7d7 ,effective date 
,the amendments made by this section    
shall apply to obligations issued after 
,december #ca1 #bjac4