Keeping Texas School Construction Costs Down Act of 2023

12/15/2023, 3:53 PM
Referred to the House Committee on Ways and Means.
Bill 118 hr 32, also known as the Keeping Texas School Construction Costs Down Act of 2023, aims to address the rising costs of school construction projects in the state of Texas. The bill focuses on implementing measures to ensure that taxpayer dollars are being used efficiently and effectively in the construction and renovation of school facilities.

One key provision of the bill is the establishment of a task force that will be responsible for conducting a comprehensive review of current school construction practices and identifying areas where cost savings can be achieved. The task force will also be tasked with developing best practices and guidelines for school construction projects to help streamline the process and reduce unnecessary expenses.

Additionally, the bill includes provisions for increased transparency and accountability in school construction projects. This includes requirements for regular reporting on project costs and progress, as well as measures to prevent fraud and abuse in the procurement process. Overall, the Keeping Texas School Construction Costs Down Act of 2023 aims to ensure that taxpayer dollars are being used efficiently in school construction projects, ultimately benefiting students, teachers, and communities across the state.
Congress
118

Number
HR - 32

Introduced on
2023-01-09

# Amendments
0

Sponsors
+5

Variations and Revisions

1/9/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the House Committee on Ways and Means.
Bill 118 hr 32, also known as the Keeping Texas School Construction Costs Down Act of 2023, aims to address the rising costs of school construction projects in the state of Texas. The bill focuses on implementing measures to ensure that taxpayer dollars are being used efficiently and effectively in the construction and renovation of school facilities.

One key provision of the bill is the establishment of a task force that will be responsible for conducting a comprehensive review of current school construction practices and identifying areas where cost savings can be achieved. The task force will also be tasked with developing best practices and guidelines for school construction projects to help streamline the process and reduce unnecessary expenses.

Additionally, the bill includes provisions for increased transparency and accountability in school construction projects. This includes requirements for regular reporting on project costs and progress, as well as measures to prevent fraud and abuse in the procurement process. Overall, the Keeping Texas School Construction Costs Down Act of 2023 aims to ensure that taxpayer dollars are being used efficiently in school construction projects, ultimately benefiting students, teachers, and communities across the state.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to create a safe harbor for certain perpetual trust funds.

Policy Areas
Taxation

Potential Impact
Government trust funds
State and local finance
State and local government operations

Comments

Recent Activity

Latest Action1/9/2023
Referred to the House Committee on Ways and Means.