S.Amdt. 5715

SA 5715. Mr. ROUNDS submitted an amendment intended to be proposed to amendment SA 5499 submitted by Mr. Reed (for himself and Mr. Inhofe) and intended to be proposed to the bill H.R. 7900, to authorize appropriations for fiscal year 2023 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes; which was ordered to lie on the table; as follows:

At the end of subtitle F of title V, add the following:

SEC. 575. LEASE-TO-PURCHASE AGREEMENTS TO BE INCLUDED IN BONDED INDEBTEDNESS CALCULATION.

Section 7007(b)(3) of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7707(b)(3)) is amended by adding at the end the following:

“(F) Lease purchase agreements.--With respect to any local educational agency that is eligible to receive funding under this subsection, the amount of debt incurred by the local educational agency under a lease purchase agreement shall be deemed to be bonded debt for purposes of determining the local educational agency's bonded indebtedness under this subsection.”.