State Revolving Funds for Schools Act

The State Revolving Funds for Schools Act (H.R. 729) proposes a pilot program to help local communities fund the construction and repair of public elementary and secondary schools. Under this bill, the federal government would partner with states to create "revolving funds," which would provide low-interest loans to school districts for infrastructure projects. As these loans are paid back over time, the money would return to the fund to be used for future school building projects, creating a self-sustaining source of financial support for local education facilities.