ACEC-Backed Private Activity Bonds Bill Reintroduced

ACEC News / Advocacy

February 19, 2019

ACEC-Backed Private Activity Bonds Bill Reintroduced

Congressmen Earl Blumenauer (D-OR) and Mike Kelly (R-PA) have reintroduced legislation that would create a new financing mechanism to support the design and construction of schools, court houses, libraries, and other public buildings.  

H.R. 1251, the Public Buildings Renewal Act, would add public buildings to the list of facilities that qualify for private activity bonds (PABs).  Under the legislation, up to $5 billion in PABs would be available to state and local governments to construct a variety of governmentally-owned buildings, providing needed infrastructure funding and encouraging public-private partnerships (P3s) in this area.

The bill was introduced with strong bipartisan support, attracting 10 original sponsors from both sides of aisle.  

ACEC and its membership organizations are working to build support for the legislation, and hope it will be included in a larger infrastructure package that Congress is expected to consider this year.

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