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H.R. 1123House115th Congress (2017-2019)In Committee

HBCU Capital Financing Improvement Act

Sponsored by Alma S. AdamsRep. Alma S. Adams (D-NC)
Introduced February 16, 2017

AI-Generated Summary

Updated April 15, 2026 at 12:51 PM UTC

The HBCU Capital Financing Improvement Act amends the Higher Education Act of 1965 to improve how historically Black colleges and universities (HBCUs) obtain and manage capital financing. It updates the funding mechanism, expands technical assistance, and creates an annual reporting requirement to track loan use and address construction‑financing challenges for HBCUs.

Key Provisions

  • Changes references to an “escrow account” to a “bond insurance fund,” altering how loan guarantees are managed.
  • Authorizes the Department of Education to provide direct financial counseling and technical assistance to HBCUs so they can qualify for, apply for, and maintain capital improvement loans.
  • Requires the HBCU Capital Financing Advisory Board to submit an annual report to the authorizing committees, summarizing all capital financing loans and offering administrative or legislative recommendations to address construction‑financing issues.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Education and the Workforce.

Education and Workforce Committee

February 16, 2017

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HouseIntro Referral

Introduced in House

February 16, 2017

HouseIntro Referral

Referred to the House Committee on Education and the Workforce.

Education and Workforce Committee

February 16, 2017

Bill Text

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Introduced in HouseIssued February 16, 2017

I

115th CONGRESS

1st Session

H. R. 1123

IN THE HOUSE OF REPRESENTATIVES

February 16, 2017

Ms. Adams (for herself, Mr. Byrne, Ms. Sewell of Alabama, and Mr. Hill) introduced the following bill; which was referred to the Committee on Education and the Workforce

A BILL

To amend the Higher Education Act of 1965 to modify certain provisions relating to the capital financing of historically Black colleges and universities.

1.

Short title

This Act may be cited as the HBCU Capital Financing Improvement Act.

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 insurance 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 striking an and inserting a.

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

.

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:

(2)

Report

On an annual basis, the Advisory Board shall prepare and submit to the authorizing committees a report on the status of the historically Black colleges and universities described in paragraph (1)(A). That report shall also include—

(A)

an overview of all loans in the capital financing program, including the most recent loans awarded in the fiscal year in which the report is submitted; and

(B)

administrative and legislative recommendations, as needed, for addressing the issues related to construction financing facing historically Black colleges and universities.

.