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H. Rept. 114-677 1 (2016-07-11)

handle is hein.congrecreports/crptxrsh0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-677 HBCU CAPITAL FINANCING IMPROVEMENT ACT JULY 11, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. KLINE, from the Committee on Education and the Workforce, submitted the following REPORT [To accompany H.R. 5530] [Including cost estimate of the Congressional Budget Office] The Committee on Education and the Workforce, to whom was referred the bill (H.R. 5530) to amend the Higher Education Act of 1965 to modify certain provisions relating to the capital financing of historically Black colleges and universities, having considered the same, report favorably thereon with an amendment and rec- ommend that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the HBCU Capital Financing Improvement Act. SEC. 2. BOND INSURANCE. Section 343 of the Higher Education Act of 1965 (20 U.S.C. 1066b) is amended- (1) by striking escrow account each place it appears and inserting bond in- surance fund; and (2) in subsection (b)- (A) in paragraph (1), by striking an and inserting a; and (B) in paragraph (8), in the matter preceding subparagraph (A), by strik- ing an and inserting a. SEC. 3. STRENGTHENING TECHNICAL ASSISTANCE. Paragraph (9) of section 345 of the Higher Education Act of 1965 (20 U.S.C. 1066d) is amended to read as follows: (9) may, directly or by grant or contract, provide financial counseling and technical assistance to eligible institutions to prepare the institutions to qualify, apply for, and maintain a capital improvement loan, including a loan under this part; and. SEC. 4. HBCU CAPITAL FINANCING ADVISORY BOARD. Paragraph (2) of section 347(c) of the Higher Education Act of 1965 (20 U.S.C. 1066f(c)) is amended to read as follows: 59-006

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