,,ii  #aacth ,,congress  #ast ,session  
,s4 #aebc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ah1
 #bjac,mr4 ,rockefeller 7for himself1   
,mr4 ,brown1 ,mr4 ,harkin1 and ,mr4     
,johnson of ,south ,dakota7 introduced  
the following bill2 which was read twice
 and referred to the ,committee on      
,finance  ,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   
,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  7c7      
,direct payment option ,clause 7iii7 of 
section #fdca7;f77#c77;,a7 of such ,code
 is amended by striking #ed;,e7 and all 
that follows and inserting #ed;,e71 or4 
7d7 ,effective date ,the amendments made
 by this section shall apply to         
obligations issued after ,december #ca1 
#bjac4