,,ii  #aah? ,,congress  #b;d ,session   
,s4 #eahg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #be1         
#bjbd,mr4 ,casey introduc$ ! foll[+     
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 e/abli% a tax cr$it = ,qualifi$        
,community ,college ,bonds1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,community ,college        
,infra/ructure ,f9anc+ ,act4  #b4 ,tax  
,cr$it = ,qualifi$ ,community ,college  
,bonds  7a7 ,9 g5]al ,"p ,,iv ( sub*apt]
 ,a ( *apt] #a ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by ins]t+ aft]   
subp>t ,g ! foll[+ new subp>t3  ,h      
,qualifi$ ,community ,college ,bonds    
#ed4 ,qualifi$ ,community ,college      
,bonds  7a7 ,qualifi$ community college 
bonds ,= purposes ( ?is sub*apt]1 ! t]m 
qualifi$ community college bond means   
any bond issu$ z "p ( an issue if-- 7#a7
 #ie p]c5t ( ! available project proce$s
 ( su* issue are to be us$ = a qualifi$ 

purpose ) respect to a qualifi$         
community college1  7#b7 ! bond is issu$
 by a ,/ate1 local1 or ,indian tribal   
gov]nm5t 9 consultation ) !             
jurisdictions ( :i* su* college is      
locat$1 &  7#c7 ! issu]-- 7,a7          
designates su* bond = purposes ( ?is    
section1 &  7,b7 c]tifies t x has !     
writt5 approval ( ! gov]n+ body & !     
,/ate high] education ag5cy = su* bond  
issuance4  7b7 ,limitation on am\nt (   
bonds designat$  7#a7 ,national         
limitation ,!re is a national community 
college bond limitation ( #a1jjj1jjj1jjj
 = ea* cal5d> ye>4  7#b7 ,allocation (  
limitation  7,a7 ,9 g5]al ,! national   
community college bond limitation = a   
cal5d> ye> %all be allocat$ by !        
,secret>y to any gov]n+ body :i*-- 7i7  
has submitt$ an application describ$ 9  
subp>agraph 7,c71 &  7ii7 pursuant to ! 
consid]ations describ$ 9 subp>agraphs   
7,c7 & 7,d71 ! ,secret>y 79 consultation
 ) ! ,secret>y ( ,education7 has approv$
 an allocation ( su* limitation "u ?is  

p>agraph4  7,b7 ,cumulative limitation  
p] ,/ate ,= purposes ( subp>agraph 7,a71
 ! total am\nt ( allocations made to    
qualifi$ community colleges locat$ ) a  
,/ate = any cal5d> ye> %all n exce$ an  
am\nt equal to #aj p]c5t ( ! national   
community college bond limitation = su* 
cal5d> ye>4  7,c7 ,applications ,an     
application describ$ 9 ?is subp>agraph  
%all include su* in=mation z ! ,secret>y
 79 consultation ) ! ,secret>y (        
,education7 may require1 includ+ !      
foll[+3 7i7 ,a description (-- 7,i7 !   
f9ancial su/a9ability ( ! proposal1     
includ+ h[ ! gov]n+ body w lev]age o!r  
s\rces ( fund+1 &  7,,ii7 h[ ! qualifi$ 
purposes propos$ ) respect to ! qualifi$
 community college w fill an unmet ne$  
)9 a qualifi$ area4  7ii7 ,any relevant 
approvals ) respect to ! proposal t h   
be5 grant$ by any applicable ,/ate1     
local1 or ,indian ,tribal gov]nm5t or   
appropriate accr$it+ body4  7iii7 ,a    
c]tification t ! gov]n+ body-- 7,i7 has 
consult$ ) ! jurisdictions 9 :i* !      

qualifi$ community college is1 or w be1 
locat$1 &  7,,ii7 has ! writt5 approval 
( ! ,/ate high] education ag5cy = !     
proposal4  7iv7 ,9 ! case ( an          
application propos+ to e/abli% a new    
qualifi$ community college1 9 addition  
to ! requirem5ts describ$ 9 clauses 7i71
 7ii71 & 7iii7-- 7,i7 :e!r su* proposal 
has receiv$ approval f ! ,/ate high]    
education ag5cy1 &  7,,ii7 a description
 ( ! su/a9ability ( su* qualifi$        
community college1 includ+ any commitm5t
 f any ,/ate1 local1 or ,indian ,tribal 
gov]nm5t to provide additional fund+ =  
su* college4  7,d7 ,priority =          
allocations ,= purposes ( mak+          
allocations "u ?is p>agraph1 ! ,secret>y
 79 consultation ) ! ,secret>y (        
,education7 %all-- 7i7 give highe/      
priority to any propos$ qualifi$        
community college :i* w s]ve ! resid5ts 
(-- 7,i7 ! ,/ate's l>ge/ metropolitan   
/ati/ical area :i* does n conta9 an     
in/itution describ$ 9 subsection        
7c77#e77;,a71 or  7,,ii7 if subclause   

7,i7 does n apply1 ! l>ge/ micropolitan 
/ati/ical area )9 su* ,/ate :i* does n  
conta9 an in/itution describ$ 9 su*     
subsection1  7ii7 aft] application (    
clause 7i71 give high priority to any   
gov]n+ body :i*-- 7,i7 has or w h a     
p>tn]%ip )-- 7aa7 #a or m local high    
s*ools 7z def9$ 9 section #haja ( !     
,elem5t>y & ,second>y ,education ,act ( 
#aife 7#bj ,u4,s4,c4 #ghja771 includ+ a 
dual or concurr5t enrollm5t program 7z  
def9$ 9 su* section71  7bb7 a #d-ye>    
in/itution ( high] education t includes 
a cr$it-transf] agreem5t or articulation
 agreem5t 7z def9$ 9 section #dhf;,a7a7 
( ! ,high] ,education ,act ( #aife 7#bj 
,u4,s4,c4 #ajic;a7a777 = /ud5ts at !    
qualifi$ community college1 or  7cc7 a  
,/ate work=ce developm5t bo>d e/abli%$  
"u section #aja ( ! ,work=ce ,innovation
 & ,opportunity ,act 7#bi ,u4,s4,c4     
#caaa71 or  7,,ii7 is ! gov]n+ body (1  
or has or w h a p>tn]%ip )1 an          
in/itution :i* is-- 7aa7 a "p ,b        
in/itution 7z def9$ 9 section #cbb ( !  

,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajfa771  7bb7 a ,hi/orically 
,black ,graduate ,pr(essional ,s*ool 7z 
id5tifi$ 9 section #cbf7;e7 ( su* ,act  
7#bj ,u4,s4,c4 #ajfc;b7e7771  7cc7 a    
,hispanic-s]v+ in/itution 7z def9$ 9    
section #ejb7;a7 ( su* ,act 7#bj        
,u4,s4,c4 #aaja;a7a7771  7dd7 a ,tribal 
,college or ,univ]sity 7z def9$ 9       
section #caf7;b7 ( su* ,act 7#bj        
,u4,s4,c4 #ajei;c7b7771  7ee7 an ,alaska
 ,native-s]v+ in/itution or a ,native   
,hawaiian-s]v+ in/itution 7z su* t]ms   
are def9$ 9 section #cag7;b7 ( su* ,act 
7#bj ,u4,s4,c4 #ajei;d7b7771  7ff7 a    
,pr$om9antly ,black in/itution 7z def9$ 
9 section #cga7;c7 ( su* ,act 7#bj      
,u4,s4,c4 #ajfgq7c7771  7gg7 an ,asian  
,am]ican & ,native ,am]ican ,pacific    
,isl&]-s]v+ in/itution 7z def9$ 9       
section #cga7;c7 ( su* ,act 7#bj        
,u4,s4,c4 #ajfgq7c7771 or  7hh7 a       
,native ,am]ican-s]v+ nontribal         
in/itution 7z def9$ 9 section #cga7;c7 (
 su* ,act 7#bj ,u4,s4,c4 #ajfgq7c7771 & 

7iii7 aft] application ( clauses 7i7 &  
7ii71 give priority to any gov]n+ body  
:i*1 9 c>ry+ out a new con/ruction or   
r5ovation project us+ any available     
project proce$s f ! issuance ( any      
qualifi$ community college bond1 plans  
to use n less ?an #hj p]c5t ( su*       
proce$s = con/ruction or r5ovation t is 
c]tifi$1 v]ifi$1 or consi/5t ) !        
applicable provisions (-- 7,i7 !        
,lead]%ip 9 ,en]gy & ,environm5tal      
,design gre5 build+ rat+ /&>d ( ! ,unit$
 ,/ates ,gre5 ,build+ ,c\ncil1  7,,ii7 !
 ,liv+ ,build+ ,*all5ge gre5 build+     
c]tification program develop$ by !      
,int]national ,liv+ ,future ,in/itute1  
7,,iii7 a gre5 build+ rat+ program      
develop$ by ! ,collaborative =          
,high-,p]=mance ,s*ools t is designat$ z
 ,,*ps ,v]ifi$1 or  7,,iv7 a gre5 build+
 program t-- 7aa7 has /&>ds t are       
equival5t to or m /r+5t ?an ! /&>ds ( a 
program describ$ 9 subclause 7,i71      
7,,ii71 or 7,,iii71  7bb7 is adopt$ by !
 ,/ate or ano!r jurisdiction ) au?ority 

ov] ! qualifi$ community college1 &     
7cc7 includes a v]ifiable me?od to      
demon/rate compliance ) ! program4  7#c7
 ,designation subject to limitation     
am\nt ,! maximum aggregate face am\nt ( 
bonds issu$ dur+ any cal5d> ye> :i* may 
be designat$ "u subsection 7a7 ) respect
 to any qualifi$ community college %all 
n exce$ ! limitation am\nt allocat$ to !
 gov]n+ body ( su* college "u p>agraph  
7#b7 = su* cal5d> ye>4  7c7 ,def9itions 
,= purposes ( ?is section-- 7#a7 ,gov]n+
 body ,! t]m gov]n+ body means-- 7,a7 ! 
bo>d ( tru/ees or o!r gov]n+            
organization ( a qualifi$ community     
college1 or  7,b7 a ,/ate1 local1 or    
,indian ,tribal gov]nm5t 7or any        
political subdivision !re(71 or any     
comb9ation ( local educational ag5cies  
or municipalities1 t p>ticipates or     
proposes to p>ticipate 9 ! e/abli%m5t & 
op]ation ( a qualifi$ community college4
  7#b7 ,in/itution ( high] education ,! 
t]m in/itution ( high] education has !  
mean+ giv5 ! t]m 9 section #aja7;a7 ( ! 

,high] ,education ,act ( #aife 7#bj     
,u4,s4,c4 #ajja7;a774  7#c7 ,local      
educational ag5cy ,! t]m local          
educational ag5cy has ! mean+ giv5 ! t]m
 9 section #haja ( ! ,elem5t>y &        
,second>y ,education ,act ( #aife 7#bj  
,u4,s4,c4 #ghja71 except su* t]m %all   
include any elem5t>y s*ool or second>y  
s*ool fund$ by ! ,bureau ( ,indian      
,education1 not)/&+ section             
#haja7cj77;,c7 ( su* ,act4  7#d7        
,qualifi$ area ,! t]m qualifi$ area     
means any ( ! foll[+3 7,a7 ,a city1     
metropolitan /ati/ical area1 or c\nty t 
does n conta9 any in/itution describ$ 9 
p>agraph 7#e77;,a74  7,b7 ,a l[-income  
community 7z def9$ 9 section #de;,d7e774
  7#e7 ,qualifi$ community college ,!   
t]m qualifi$ community college means a  
public in/itution ( high] education--   
7,a7 at :i* ! highe/ degree t is        
pr$om9antly aw>d$ to /ud5ts is an       
associate degree 7includ+ #b-ye>        
tribally controll$ colleges "u section  
#caf ( ! ,high] ,education ,act ( #aife 

7#bj ,u4,s4,c4 #ajei;c7 & public #b-ye> 
in/itutions ( high] education71  7,b7 t 
is e/abli%$ by & op]at$ "u ! sup]vision 
( a gov]n+ body 9 conjunction ) ! ,/ate1
 local1 & ,indian tribal gov]nm5ts ^:   
resid5ts w be s]v$ by su* in/itution1 & 
7,c7 t is locat$ )9 a qualifi$ area4    
7#f7 ,qualifi$ purpose ,! t]m qualifi$  
purpose means-- 7,a7 e/abli%+ & op]at+ a
 qualifi$ community college1  7,b7 exp&+
 an exi/+ qualifi$ community college to 
a qualifi$ area1  7,c7 con/ruct+1       
rehabilitat+1 repair+1 upgrad+1 enhanc+1
 or exp&+ any facility own$ or to be us$
 by a qualifi$ community college to c>ry
 out ! educational purposes 7includ+    
in/ructional & rese>* purposes7 ( su*   
college1  7,d7 provid+ equipm5t = use by
 /ud5ts at a qualifi$ community college1
  7,e7 inve/+ 9 onl9e res\rces or       
broadb& access projects to deliv]       
community college s]vices to qualifi$   
areas1 or develop+ c\rse mat]ials =     
education to be provid$ by a qualifi$   
community college1 provid$ t su* uses d 

n collectively acc\nt = m ?an #aj p]c5t 
( ! am\nt allocat$ "u subsection 7b77#b7
 to ! gov]n+ body = su* college1  7,f7  
tra9+ pr(essors & o!r s*ool p]sonnel at 
a qualifi$ community college1 provid$ t 
su* use does n acc\nt = m ?an #e p]c5t (
 ! am\nt allocat$ "u subsection 7b77#b7 
to ! gov]n+ body = su* college1  7,g7   
con/ruct+1 rehabilitat+1 repair+1       
upgrad+1 enhanc+1 or exp&+ any on-campus
 facility to be us$ by a qualifi$       
community college to-- 7i7 provide      
*ildc>e to /ud5ts & /aff1 provid$ t su* 
use does n acc\nt = m ?an #aj p]c5t ( ! 
am\nt allocat$ "u subsection 7b77#b7 to 
! gov]n+ body = su* college1 or  7ii7   
provide af=dable h\s+1 ) a priority giv5
 to /ud5ts & /aff1 &  7,h7 connect+     
/ud5ts ) transportation to a qualifi$   
community college1 includ+ p>tn]+ )     
public transit provid]s to-- 7i7 add    
bus1 rail1 or p>atransit /ops at or )9  
walk+ di/ances ( ! campus1  7ii7 add    
bus1 rail1 or p>atransit r\tes to all[ =
 transportation betwe5 ! campus &       

surr\nd+ areas & o!r cities1  7iii7     
increase ! frequ5cy ( s]vice or adju/ ! 
s*$ules = bus1 rail1 or p>atransit r\tes
 to all[ /ud5ts to get to & f _!        
classes1 &  7iv7 subsidize bus1 rail1 or
 p>atransit co/s = /ud5ts4  7#g7 ,/ate  
,! t]m ,/ate includes ! ,di/rict (      
,columbia1 ! ,commonweal? ( ,pu]to      
,rico1 ! ,virg9 ,isl&s1 ,guam1 ,am]ican 
,samoa1 & ! ,commonweal? ( ! ,nor!rn    
,m>iana ,isl&s4  7#h7 ,/ate high]       
education ag5cy ,! t]m ,/ate high]      
education ag5cy means ! (fic] or ag5cy  
prim>ily responsible = ! ,/ate          
sup]vision ( high] education4  7d7      
,application ( c]ta9 labor /&>ds to     
projects f9anc$ ) qualifi$ community    
bonds  7#a7 ,9 g5]al ,ea* labor] &      
me*anic employ$ by a contractor or      
subcontractor 9 ! p]=mance (            
con/ruction1 alt]ation1 or repair "w    
f9anc$ 9 :ole1 or 9 "p1 ) ! proce$s (   
any qualifi$ community college bond     
issu$ aft] ! date ( enactm5t ( !        
,community ,college ,infra/ructure      

,f9anc+ ,act %all be paid wages at rates
 n less ?an ^? prevail+ on "w ( a simil>
 "* 9 ! locality1 z det]m9$ by !        
,secret>y ( ,labor 9 accordance )       
sub*apt] ,,iv ( *apt] #ca ( title #dj1  
,unit$ ,/ates ,code4  7#b7 ,au?ority ,! 
,secret>y ( ,labor %all h1 ) respect to 
! labor /&>ds describ$ 9 p>agraph 7#a71 
! au?ority & functions set =? 9         
,reorganization ,plan ,numb]$ #ad (     
#aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4    
,app47 & section #cade ( title #dj1     
,unit$ ,/ates ,code4  4  7b7 ,con=m+    
am5dm5t ,! table ( subp>ts = "p ,,iv (  
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] ! item relat+ to subp>t ,g !      
foll[+3 ,subp>t ,h--,qualifi$ ,community
 ,college ,bonds4  #c4 ,cr$it to hold]s 
& issu]s ( ,qualifi$ ,community ,college
 ,bonds  7a7 ,all[ance ( cr$it  7#a7 ,9 
g5]al ,section #ed;,a ( ! ,int]nal      
,rev5ue ,code ( #aihf1 z 9 effect on !  
day be=e repeal by ,public ,law #aae-ig1
 is reviv$4  7#b7 ,cr$it limit$ to      

,qualifi$ ,community ,college ,bonds    
,section #ed;,a7d7 ( su* ,code is       
am5d$-- 7,a7 by /rik+ p>agraph 7#a7 &   
ins]t+ ! foll[+3  7#a7 ,qualifi$ tax    
cr$it bond ,! t]m qualifi$ tax cr$it    
bond means a qualifi$ community college 
bond :i* is "p ( an issue t meets       
requirem5ts ( p>agraphs 7#b71 7#c71     
7#d71 7#e71 & 7#f74  1 &  7,b7 9        
p>agraph 7#b71 by /rik+ subp>agraph 7,c7
 & ins]t+ ! foll[+3  7,c7 ,qualifi$     
purpose ,= purposes ( ?is p>agraph1 !   
t]m qualifi$ purpose means a purpose    
specifi$ 9 section #ed7;c77#c74  4  7b7 
,cr$it all[$ to issu]  7#a7 ,9 g5]al    
,section #fdca ( ! ,int]nal ,rev5ue     
,code ( #aihf1 z 9 effect on ! day be=e 
repeal by ,public ,law #aae-ig1 is      
reviv$4  7#b7 ,con=m+ am5dm5ts  7,a7    
,section #fdca7;f7 ( su* ,code1 z reviv$
 by p>agraph 7#a71 is am5d$ by /rik+    
p>agraphs 7#b7 & 7#c7 & ins]t+ ! foll[+3
  7#b7 ,specifi$ tax cr$it bond ,=      
purposes ( ?is subsection1 ! t]m        
specifi$ tax cr$it bond means any       

qualifi$ tax cr$it bond 7z def9$ 9      
section #ed;,a7d77#a77 if ! issu] ( su* 
bond makes an irrevocable election to h 
?is subsection apply4  4  7,b7          
,subp>agraph 7,a7 ( section             
#fbaa7;b77#d7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ & #fdbh;,a & 
ins]t+ #fdbh;,a1 & #fdca4  #d4          
,effective date ,! am5dm5ts made by ?is 
,act %all apply to obligations issu$    
aft] ! date ( ! enactm5t ( ?is ,act4