AGC Gets Legislation Introduced to Support Public Buildings Infrastructure

On May 26th, AGC prevailed in securing the introduction of the Public Buildings Renewal Act of 2016. The legislation seeks to create a new class of projects eligible for financing through private activity bonds (PABs) including public buildings such as schools, post offices, libraries, and courthouses. In short, the bill would create $5 billion in Private Activity Bonds (PABs) for public buildings for states to access through the Treasury Department. Visit AGC’s Action Center and urge your members of Congress to support this bill.

Previous efforts by AGC and the Performance Based Building Coalition helped advance the issue and ultimately helped secure introduction of this bipartisan standalone bill. AGC will continue to advocate for passage of the legislation and seek to introduce a companion PAB measure in the Senate.

For more information, please contact Brian Lenihan at lenihanb@agc.org or (202) 547-4733.