In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
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Question: That section 4 of 
Public Law 94-456 (43 U.S.C. 1611 note) is amended--
            (1) by striking out ``subsection (a)'' in subsection (c) 
        and inserting in lieu thereof ``subsections (a) and (d)''; and
            (2) by adding at the end the following:
    ``(d)(1) In order to convey to the Village Corporations named in 
this subsection certain lands the Villages have selected under section 
12(a) of the Settlement Act, the Secretary shall convey all right, 
title, and interest of the United States in and to the surface estate 
of the lands described in paragraph (2) to the Village Corporations 
within Cook Inlet Region named in paragraph (2) in partial satisfaction 
of each Village Corporation's statutory entitlement under section 12(a) 
of the Settlement Act. Conveyances shall be made pursuant to sections 
12(a) and 14(f) of the Settlement Act. The conveyances described in 
paragraph (2) shall be made within 90 days after the date of enactment 
of this subsection.
    ``(2) The lands described in this paragraph are to be conveyed to 
Village Corporations as follows:
    To Chickaloon-Moose Creek Native Association, Inc.:

                        seward meridian, alaska

            Township 1 North, Range 20 West (Unsurveyed)
                    Sections 24, 25, and 36 (fractional).
    To Knikatnu, Inc.:

                        seward meridian, alaska

            Township 1 South, Range 20 West (Unsurveyed)
                    Section 1 (fractional).
            Township 3 South, Range 20 West (Unsurveyed)
                    Section 3 (fractional);
                    Sections 4 and 9.
            Township 1 North, Range 20 West (Unsurveyed)
                    Section 9 (fractional).
    To Ninilchik Native Association, Inc.:

                        seward meridian, alaska

            Township 1 South, Range 19 West (Unsurveyed)
                    Sections 29 and 32 (fractional).
            Township 2 South, Range 19 West (Unsurveyed)
                    Sections 6 and 18 (fractional).
            Township 2 South, Range 20 West (Unsurveyed)
                    Section 1 (fractional);
                    Sections 6 and 14;
                    Sections 23, 24, and 26 (fractional);
                    Sections 32 and 33;
                    Sections 34 and 35 (fractional).
            Township 3 South, Range 20 West (Unsurveyed)
                    Section 10 (fractional).
            Township 3 South, Range 21 West (Unsurveyed)
                    Sections 13 and 19 through 24, inclusive;
                    Section 25 (fractional);
                    Sections 32 and 34 (fractional).
            Township 1 North, Range 20 West (Unsurveyed)
                    Sections 6 through 8 (fractional), inclusive;
                    Section 16;
                    Sections 22 and 23 (fractional);
                    Section 26.
            Township 4 North, Range 19 West (Unsurveyed)
                    Sections 20 and 36.
    To Seldovia Native Association, Inc.:

                        seward meridian, alaska

            Township 2 South, Range 20 West (Unsurveyed)
                    Section 13 (fractional).
            Township 3 South, Range 20 West (Unsurveyed)
                    Sections 7 and 8;
                    Section 16 (fractional);
                    Sections 17 and 18;
                    Sections 19 and 20 (fractional).
    To Tyonek Native Corporation:

                        seward meridian, alaska

            Township 1 South, Range 20 West (Unsurveyed)
                    Section 2 (fractional);
                    Section 3.
            Township 2 South, Range 21 West (Unsurveyed)
                    Section 36.
            Township 2 South, Range 20 West (Unsurveyed)
                    Section 12 (fractional);
                    Section 31.
            Township 3 South, Range 20 West (Unsurveyed)
                    Sections 15, 21, and 30 (fractional).
            Township 3 South, Range 21 West (Unsurveyed)
                    Section 26;
                    Sections 27 and 28 (fractional);
                    Sections 29 through 31 (fractional), inclusive;
                    Sections 33, 35, and 36 (fractional).
            Township 1 North, Range 20 West (Unsurveyed)
                    Section 15 (fractional);
                    Section 35.
Aggregating approximately 29,900 acres, more or less.
    ``(3) No later than 180 days following the completion of the 
conveyances required by paragraph (1), Cook Inlet Region, Inc., shall 
convey to each of the Village Corporations referred to in paragraph (2) 
the surface estate in such lands described in Appendix A of that 
certain Agreement dated August 31, 1976, known as the Deficiency 
Agreement, as the Village Corporations have identified, and in the 
order they identified in their priority selection rounds, to satisfy 
each Village Corporation's section 12(a) entitlement under the 
Settlement Act.
    ``(4) If the Secretary does not convey the lands in paragraph (2) 
within 90 days of the date of the enactment of this subsection, then 
all right, title, and interest of the United States in and to the 
surface estate of such lands shall nevertheless pass immediately to the 
Village Corporations named in paragraph (2).
    ``(5) Nothing in this subsection shall be construed to increase or 
decrease the entitlement under the Settlement Act of any of the Village 
Corporations named in this subsection or of Cook Inlet Region, Inc.''.

Answer: Amends Federal law to provide for conveyance of certain Alaskan lands under the Alaska Native Claims Settlement Act to:  (1) Chickaloon-Moose Creek Native Association, Inc.; (2) Knikatnu, Inc.; (3) Ninilchik Native Association, Inc.; (4) Seldovia Native Association, Inc.; and (5) Tyonek Native Corporation.


Question: SECTION 1. MODIFICATIONS AND INCREASED VOLUME CAP WITH RESPECT TO 
              QUALIFIED MORTGAGE BONDS.

    (a) Use of Qualified Mortgage Bonds Proceeds for Subprime 
Refinancing Loans.--Section 143(k) of the Internal Revenue Code of 1986 
(relating to other definitions and special rules) is amended by adding 
at the end the following new paragraph:
            ``(12) Special rules for subprime refinancings.--
                    ``(A) In general.--In the case of a residence which 
                was originally financed by the mortgagor through a 
                qualified subprime loan, this section shall be applied 
                with the following modifications:
                            ``(i) Subsection (i)(1) (relating to 
                        mortgages must be new mortgages) shall not 
                        apply.
                            ``(ii) Subsection (a)(2)(D)(i) shall be 
                        applied by substituting `12-month period' for 
                        `42-month period' each place it appears.
                            ``(iii) Subsection (d) (relating to 3-year 
                        requirement) shall not apply.
                            ``(iv) Subsection (e) (relating to purchase 
                        price requirement) shall be applied by using 
                        the market value of the residence at the time 
                        of refinancing in lieu of the acquisition cost.
                    ``(B) Qualified subprime loan.--
                            ``(i) In general.--The term `qualified 
                        subprime loan' means an adjustable rate single-
                        family residential mortgage loan originated 
                        after December 31, 2001, and before January 1, 
                        2008, that the bond issuer determines has 
                        characteristics that suggest both a reasonably 
                        foreseeable risk of default and a reasonable 
                        potential to avoid default with the benefit of 
                        a lower cost refinancing.
                            ``(ii) Considerations.--In making the 
                        determination under clause (i), the bond issuer 
                        may consider the following characteristics:
                                    ``(I) Loan payments which are 
                                scheduled to increase by more than 10 
                                percent after December 31, 2007, and 
                                before January 1, 2011.
                                    ``(II) A loan-to-value ratio of 97 
                                percent or greater at the time of the 
                                original mortgage loan or at the time 
                                of the refinancing of such loan after 
                                adjustment for any decline in the fair 
                                market value of the residence.
                                    ``(III) A borrower whose 
                                creditworthiness is relatively low in 
                                comparison to a prime borrower, based 
                                on a lower credit score, such as a Fair 
                                Isaac Credit Organization credit score 
                                at the time of the original subprime 
                                loan of less than 660 and the absence 
                                of an increase in such score by more 
                                than 10 percent since the time of the 
                                original loan.
                                    ``(IV) Whether loan payments on the 
                                original mortgage loan generally have 
                                been made in a current, timely manner, 
                                subject only to isolated late payments.
                    ``(C) Termination.--This paragraph shall not apply 
                to any bonds issued after December 31, 2010.''.
    (b) Increased Volume Cap for Qualified Mortgage Bonds.--
            (1) In general.--Subsection (d) of section 146 of the 
        Internal Revenue Code of 1986 is amended by adding at the end 
        the following new paragraph:
            ``(5) Increase and set aside for qualified mortgage bonds 
        for 2008.--
                    ``(A) In general.--The State ceiling for calendar 
                year 2008 shall be increased by $15,000,000,000.
                    ``(B) Set aside.--
                            ``(i) In general.--Not less than an amount 
                        equal to each State's allocable share of the 
                        increase in the State ceiling under 
                        subparagraph (A) shall be allocated solely for 
                        the purpose of a qualified mortgage issue which 
                        meets the requirement clause (ii).
                            ``(ii) Requirement.--A qualified mortgage 
                        issue meets the requirement of this clause if 
                        such issue meets the requirement of section 
                        143(a)(2)(D)(i) (determined by substituting 
                        `12-month period' for `42-month period' each 
                        place it appears).''.
            (2) Carryforward of unused limitations.--Subsection (f) of 
        section 146 of such Code is amended by adding at the end the 
        following new paragraph:
            ``(6) Special rules for increased volume cap under 
        subsection (d)(5).--No amount which is attributable to the 
        increase under subsection (d)(5) may be used--
                    ``(A) for a carryforward purpose other than issuing 
                qualified mortgage bonds, and
                    ``(B) to issue any bond after calendar year 
                2010.''.
    (c) Alternative Minimum Tax.--
            (1) In general.--Clause (ii) of section 57(a)(5)(C) of the 
        Internal Revenue Code of 1986 is amended by striking ``shall 
        not include'' and all that follows and inserting ``shall not 
        include--
                                    ``(I) any qualified 501(c)(3) bond 
                                (as defined in section 145), or
                                    ``(II) any qualified mortgage bond 
                                (as defined in section 143(a)) or 
                                qualified veterans' mortgage bond (as 
                                defined in section 143(b)) issued after 
                                December 31, 2007, and before January 
                                1, 2011.''.
            (2) Conforming amendment.--The heading for section 
        57(a)(5)(C)(ii) is amended by striking ``qualified 501(c)(3) 
        bonds'' and inserting ``certain bonds''.
    (d) Effective Date.--The amendments made by this section shall 
apply to bonds issued after December 31, 2007.

Answer: Amends the Internal Revenue Code to: (1) allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans issued between 2002 and 2008; (2) increase in 2008 limitations on issuance amounts for qualified mortgage bonds; and (3) exempt tax-exempt interest on qualified mortgage or veterans' mortgage bonds issued before 2011 from the alternative minimum tax.


Question: SECTION 1. IMMIGRANTS TO NEW AMERICANS MODEL PROGRAMS.

    (a) Short Title.--This section may be cited as the ``Immigrants to 
New Americans Act''.
    (b) Findings.--Congress finds the following:
            (1) In 1997, there were an estimated 25,800,000 foreign-
        born individuals residing in the United States. That number is 
        the largest number of such foreign-born individuals ever in 
        United States history and represents a 6,000,000, or 30 
        percent, increase over the 1990 census figure of 19,800,000 of 
        such foreign-born individuals. The Bureau of the Census 
        estimates that the recently arrived immigrant population 
        (including the refugee population) currently residing in the 
        Nation will account for 75 percent of the population growth in 
        the United States over the next 50 years.
            (2) For millions of immigrants settling into the Nation's 
        hamlets, towns, and cities, the dream of ``life, liberty, and 
        the pursuit of happiness'' has become a reality. The wave of 
        immigrants, from various nationalities, who have chosen the 
        United States as their home, has positively influenced the 
        Nation's image and relationship with other nations. The diverse 
        cultural heritage of the Nation's immigrants has helped define 
        the Nation's culture, customs, economy, and communities. By 
        better understanding the people who have immigrated to the 
        Nation, individuals in the United States better understand what 
        it means to be an American.
            (3) There is a critical shortage of teachers with the 
        skills needed to educate immigrant students and their families 
        in nonconcentrated, nontraditional, immigrant communities as 
        well as communities with large immigrant populations. The large 
        influx of immigrant families over the last decade presents a 
        national dilemma: The number of such families with school-age 
        children, requiring assistance to successfully participate in 
        elementary schools, secondary schools, and communities in the 
        United States, is increasing without a corresponding increase 
        in the number of teachers with skills to accommodate their 
        needs.
            (4) Immigrants arriving in communities across the Nation 
        generally settle into high-poverty areas, where funding for 
        programs to provide immigrant students and their families with 
        the services the students and families need to successfully 
        participate in elementary schools, secondary schools, and 
        communities in the United States is inadequate.
            (5) The influx of immigrant families settling into many 
        United States communities is often the result of concerted 
        efforts by local employers who value immigrant labor. Those 
        employers realize that helping immigrants to become productive, 
        prosperous members of a community is beneficial for the local 
        businesses involved, the immigrants, and the community. 
        Further, local businesses benefit from the presence of the 
        immigrant families because the families present businesses with 
        a committed and effective workforce and help to open up new 
        market opportunities. However, many of the communities into 
        which the immigrants have settled need assistance in order to 
        give immigrant students and their families the services the 
        students and families need to successfully participate in 
        elementary schools, secondary schools, and communities, in the 
        United States.
    (c) Purpose.--The purpose of this section is to establish a grant 
program, within the Department of Education, that provides funding to 
partnerships of local educational agencies and community-based 
organizations for the development of model programs to provide to 
immigrant students and their families the services the students and 
families need to successfully participate in elementary schools, 
secondary schools, and communities, in the United States.
    (d) Definitions.--In this section:
            (1) Community-based organization; elementary school; local 
        educational agency; secondary school.--The terms ``community-
based organization'', ``elementary school'', ``local educational 
agency'', and ``secondary school'' have the meanings given the terms in 
section 14101 of the Elementary and Secondary Education Act of 1965 (20 
U.S.C. 8801).
            (2) Immigrant.--The term ``immigrant'' has the meaning 
        given the term in section 101 of the Immigration and 
        Nationality Act (8 U.S.C. 1101).
            (3) Secretary.--The term ``Secretary'' means the Secretary 
        of Education.
    (e) Program Authorized.--
            (1) In general.--The Secretary is authorized to award not 
        more than 10 grants in a fiscal year to eligible partnerships 
        for the design and implementation of model programs to--
                    (A) assist immigrant students to achieve in 
                elementary schools and secondary schools in the United 
                States by offering such educational services as English 
                as a second language classes, literacy programs, 
                programs for introduction to the education system, and 
                civics education; and
                    (B) assist parents of immigrant students by 
                offering such services as parent education and literacy 
                development services and by coordinating activities 
                with other entities to provide comprehensive community 
                social services such as health care, job training, 
                child care, and transportation services.
            (2) Duration.--Each grant awarded under this section shall 
        be awarded for a period of not more than 5 years. A partnership 
        may use funds made available through the grant for not more 
        than 1 year for planning and program design.
    (f) Applications for Grants.--
            (1) In general.--Each eligible partnership desiring a grant 
        under this section shall submit an application to the Secretary 
        at such time and in such manner as the Secretary may require.
            (2) Eligible partnerships.--To be eligible to receive a 
        grant under this section, a partnership--
                    (A) shall include--
                            (i) at least 1 local educational agency; 
                        and
                            (ii) at least 1 community-based 
                        organization; and
                    (B) may include another entity such as an 
                institution of higher education, a local or State 
                government agency, a private sector entity, or another 
                entity with expertise in working with immigrants.
            (3) Required documentation.--Each application submitted by 
        a partnership under this section for a proposed program shall 
        include documentation that--
                    (A) the partnership has the qualified personnel 
                required to develop, administer, and implement the 
                proposed program; and
                    (B) the leadership of each participating school has 
                been involved in the development and planning of the 
                program in the school.
            (4) Other application contents.--Each application submitted 
        by a partnership under this section for a proposed program 
        shall include--
                    (A) a list of the organizations entering into the 
                partnership;
                    (B) a description of the need for the proposed 
                program, including data on the number of immigrant 
                students, and the number of such students with limited 
                English proficiency, in the schools or school districts 
                to be served through the program and the 
                characteristics of the students described in this 
                subparagraph, including--
                            (i) the native languages of the students to 
                        be served;
                            (ii) the proficiency of the students in 
                        English and the native languages;
                            (iii) achievement data for the students 
                        in--
                                    (I) reading or language arts (in 
                                English and in the native languages, if 
                                applicable); and
                                    (II) mathematics; and
                            (iv) the previous schooling experiences of 
                        the students;
                    (C) a description of the goals of the program;
                    (D) a description of how the funds made available 
                through the grant will be used to supplement the basic 
                services provided to the immigrant students to be 
                served;
                    (E) a description of activities that will be 
                pursued by the partnership through the program, 
                including a description of--
                            (i) how parents, students, and other 
                        members of the community, including members of 
                        private organizations and nonprofit 
organizations, will be involved in the design and implementation of the 
program;
                            (ii) how the activities will further the 
                        academic achievement of immigrant students 
                        served through the program;
                            (iii) methods of teacher training and 
                        parent education that will be used or developed 
                        through the program, including the 
                        dissemination of information to immigrant 
                        parents, that is easily understandable in the 
                        language of the parents, about educational 
                        programs and the rights of the parents to 
                        participate in educational decisions involving 
                        their children; and
                            (iv) methods of coordinating comprehensive 
                        community social services to assist immigrant 
                        families;
                    (F) a description of how the partnership will 
                evaluate the progress of the partnership in achieving 
                the goals of the program;
                    (G) a description of how the local educational 
                agency will disseminate information on model programs, 
                materials, and other information developed under this 
                section that the local educational agency determines to 
                be appropriate for use by other local educational 
                agencies in establishing similar programs to facilitate 
                the educational achievement of immigrant students;
                    (H) an assurance that the partnership will annually 
                provide to the Secretary such information as may be 
                required to determine the effectiveness of the program; 
                and
                    (I) any other information that the Secretary may 
                require.
    (g) Selection of Grantees.--
            (1) Criteria.--The Secretary, through a peer review 
        process, shall select partnerships to receive grants under this 
        section on the basis of the quality of the programs proposed in 
        the applications submitted under subsection (f), taking into 
        consideration such factors as--
                    (A) the extent to which the program proposed in 
                such an application effectively addresses differences 
                in language, culture, and customs;
                    (B) the quality of the activities proposed by a 
                partnership;
                    (C) the extent of parental, student, and community 
                involvement;
                    (D) the extent to which comprehensive community 
                social services are made available;
                    (E) the quality of the plan for measuring and 
                assessing success; and
                    (F) the likelihood that the goals of the program 
                will be achieved.
            (2) Geographic distribution of programs.--The Secretary 
        shall approve applications under this section in a manner that 
        ensures, to the extent practicable, that programs assisted 
        under this section serve different areas of the Nation, 
        including urban, suburban, and rural areas, with special 
        attention to areas that are experiencing an influx of immigrant 
        groups (including refugee groups), and that have limited prior 
        experience in serving the immigrant community.
    (h) Evaluation and Program Development.--
            (1) Requirement.--Each partnership receiving a grant under 
        this section shall--
                    (A) conduct a comprehensive evaluation of the 
                program assisted under this section, including an 
                evaluation of the impact of the program on students, 
                teachers, administrators, parents, and others; and
                    (B) prepare and submit to the Secretary a report 
                containing the results of the evaluation.
            (2) Evaluation report components.--Each evaluation report 
        submitted under this section for a program shall include--
                    (A) data on the partnership's progress in achieving 
                the goals of the program;
                    (B) data showing the extent to which all students 
                served by the program are meeting the State's student 
                performance standards, including--
                            (i) data comparing the students served to 
                        other students, with regard to grade retention 
                        and academic achievement in reading and 
                        language arts, in English and in the native 
                        languages of the students if the program 
                        develops native language proficiency, and in 
                        mathematics; and
                            (ii) a description of how the activities 
                        carried out through the program are coordinated 
                        and integrated with the overall school program 
                        of the school in which the program described in 
                        this section is carried out, and with other 
                        Federal, State, or local programs serving 
                        limited English proficient students;
                    (C) data showing the extent to which families 
                served by the program have been afforded access to 
                comprehensive community social services; and
                    (D) such other information as the Secretary may 
                require.
    (i) Administrative Funds.--A partnership that receives a grant 
under this section may use not more than 5 percent of the grant funds 
received under this section for administrative purposes.
    (j) Authorization of Appropriations.--For the purpose of carrying 
out this section, there are authorized to be appropriated $10,000,000 
for fiscal year 2001 and such sums as may be necessary for each of the 
4 succeeding fiscal years.

Answer:
Limits the number of such grants to ten in a fiscal year. Limits the duration of any such grant to five years, with not more than one year for planning and design. Requires that each partnership eligible to receive such a grant include at least one local educational agency and at least one community-based organization. Allow such a partnership to include another entity such as an institution of higher education, a local or State government agency, a private sector entity, or another entity with expertise in working with immigrants.
Authorizes appropriations.