Impact Aid Infrastructure Act

To provide temporary impact aid construction grants to eligible local educational agencies, and for other purposes. 1. Short title This Act may be cited as the Impact Aid Infrastructure Act 2. Impact aid construction grants authorized (a) Funding and sunset (1) Authorization of appropriations There are authorized to be appropriated $1,000,000,000 for fiscal year 2021 to carry out this Act. (2) Supplemental funding The amount authorized under paragraph (1) shall be in addition to any amounts authorized to be appropriated or otherwise made available to carry out section 7007 of title VII of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707 (3) Availability of funds Any amounts appropriated under subsection (a)(1) shall remain available until expended. (4) Sunset The authority to award grants under this Act shall expire at the end of the 3-year period beginning on the date on which funds are first made available to award a grant under this Act. (b) Reservation for management and oversight From the funds appropriated under subsection (a)(1), the Secretary may reserve up to half of 1 percent for management and oversight of the activities carried out with those funds. (c) Formula grants From 40 percent of the funds appropriated under subsection (a)(1) and not reserved under subsection (b), the Secretary shall make payments in accordance with section 7007(a) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707(a) (d) Competitive grants From 60 percent of the funds appropriated under subsection (a)(1) and not reserved under subsection (b), the Secretary— (1) shall award emergency grants in accordance with section 7007(b) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707(b) (2) may award modernization grants in accordance with section 7007(b) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707(b) 3. Eligibility (a) Eligibility for emergency grants (1) In general For purposes of receiving an emergency grant under section 2(d)(1) of this Act, in addition to a local educational agency that meets the eligibility requirements for the award of such a grant under any of subparagraphs (A), (C), or (D) of section 7007(b)(3) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707(b)(3) (2) Requirements A local educational agency meets the requirements of this paragraph, if such agency has— (A) a total taxable assessed value of real property that may be taxed for school purposes of less than $100,000,000; or (B) an assessed value of real property per student that may be taxed for school purposes that is less than the average of the assessed value of real property per student that may be taxed for school purposes in the State in which the local educational agency is located. (b) Eligibility for modernization grants (1) In general For purposes of receiving a modernization grant under section 2(d)(2) of this Act, in addition to a local educational agency that meets the eligibility requirements for the award of such a grant under any of subparagraphs (B), (C), or (D) of section 7007(b)(3) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707(b)(3) (2) Requirements A local educational agency meets the requirements of this paragraph, if such agency has— (A) a total taxable assessed value of real property that may be taxed for school purposes of less than $100,000,000; or (B) an assessed value of real property per student that may be taxed for school purposes that is less than the average of the assessed value of real property per student that may be taxed for school purposes in the State in which the local educational agency is located. (c) Local educational agency defined In this section, the term local educational agency 20 U.S.C. 7713 4. Inapplicability of certain provisions Clauses (i) and (vi) of paragraph (5)(A) of section 7007(b) of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7707(b)

Summary: Impact Aid Infrastructure Act This bill provides $1 billion in funding in FY2021 for impact aid construction grants. The grants provide infrastructure assistance to school districts that have lost property tax revenue due to tax-exempt federal property in the districts or that have increased expenditures due to the enrollment of children residing on Indian lands, military bases, or low-rent housing property, or children who have parents in the uniformed services or employed on federal properties.