,,ii  #aadth ,,congress  #ast ,session  
,s4 #agec  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ac1     
#bjae ,mr4 ,brown introduced the        
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to modify and   
permanently extend qualified zone       
academy bonds1 and to treat such bonds  
as specified tax credit bonds4  #a4     
,short title  ,this ,act may be cited as
 the ,rebuilding ,america's ,schools    
,act4  #b4 ,enhancement of qualified    
zone academy bonds  7a7 ,in general     
,paragraph 7#a7 of section #ed;,e7c7 of 
the ,internal ,revenue ,code of #aihf is
 amended by striking and #djj1jjj1jjj   
for #bjaa and all that follows through  
the period and inserting the following3 
#djj1jjj1jjj for #bjaa1 #bjab1 #bjac1   
and #bjad1 and #a1djj1jjj1jjj for each  
calendar year after #bjad44  7b7        
,construction of a public school        
facility ,subparagraph 7,a7 of section  

#ed;,e7d77#c7 of the ,internal ,revenue 
,code of #aihf is amended by striking   
rehabilitating or repairing and         
inserting constructing1 rehabilitating1 
or repairing4  7c7 ,adjustment of       
private business contribution           
requirement ,subsection 7b7 of section  
#ed;,e of the ,internal ,revenue ,code  
of #aihf is amended by striking #aj     
percent and inserting #e percent4  7d7  
,specified tax credit bond ,clause 7iii7
 of section #fdca7;f77#c77;,a7 of the   
,internal ,revenue ,code of #aihf is    
amended to read as follows3  7iii7 a    
qualified zone academy bond 7as defined 
in section #ed;,e71 or  4  7e7          
,effective date ,the amendments made by 
this section shall apply to obligations 
issued after ,december #ca1 #bjad4