S 932
Public Buildings Renewal Act of 2019
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Public Buildings Renewal Act of 2019 aims to provide tax-exempt financing for certain government-owned buildings. It expands the definition of ‘qualified government buildings’ to include schools, universities, libraries, courts, hospitals, research facilities, public safety buildings, and government offices. The legislation establishes a $5 billion limit on this financing and outlines procedures for allocation and application. It also exempts these bonds from a volume cap typically applied to private activity bonds.
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Primary sponsor
Cosponsors
Benjamin L. Cardin
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