Contents include a video entitled Rebuild America Now - Time is Running Out, background on RAC, membership roster, public works overview, talking points on individual infrastructure issues, guides to media outreach and lobbying, guide to starting a chapter, and more. Keep the promise of the highway trust funds Fulfill the promise of the aviation trust fund Following the governors' remarks, Mayor Rendell discussed the results of the nationwide poll conducted for RAC on infrastructure. Bondholders would receive a federal tax credit rather than interest owed by the school district, thus freeing up more local funds for teaching and learning and will not interfere in local control of education. This bill will present school districts all over the country with a unique opportunity to renovate existing buildings, make them safe, and build new schoolhouses from the ground up. Archer proposed loosening the rules that govern the school construction bonds issued by states and municipalities by allowing the government entities to spend the proceeds from higher-yield investment over four years.
Current law requires the state or locality to spend proceeds over two years, or face a penalty.
It will reduce paperwork for state and local governments, and it gives greater flexibility to school districts. The comments came as the Ways and Means Committee opened a hearing on the president's budget submission. The plan pushed by Clinton would provide to municipalities federal tax credits which essentially would pay the interest due on the already tax-exempt bonds. FHWA requests comments on the proposed regulations and any other issues believed to be relevant to the administration of the real estate aspects of the federal-aid highway program. The proposal is intended to clarify the state-federal partnership.