WASHINGTON — Leaders of the Senate Finance Committee yesterday unveiled a draft of bipartisan jobs legislation that would “BABify” four tax-credit bond programs by allowing issuers to receive Build America Bond-type direct payments instead of providing investors with tax credits.

Qualified school construction bonds, qualified zone academy bonds, qualified energy conservation bonds, and new clean renewable energy bonds could all be issued as direct-payment bonds under the 361-page draft bill. The measure also would extend a number of tax provisions that either have already expired or would soon expire.

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