On the recordJuly 24, 2000
I hope they remember that that is H.R. 996, and, so they do not misunderstand, as the gentleman has indicated, all this does is pay the interest through a tax credit. It would allow the States and local jurisdictions to build the schools, to issue the bonds, but they would pay the principal only and no interest. It is a way to help the local units not only build the new buildings they need, and we have 53 million students coming into our public schools, the largest number in the history of America, but it will also allow them to renovate and provide for the technology that they so sorely need. I thank the gentleman for being such a strong proponent of this and being one of the earliest signers on this legislation with me, and trust before this Congress adjourns, that the Republicans will agree to bring this out of the committee, put it on the floor and let us vote it and help the schools.
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