Rep. Allyson Schwartz, D-Pa., has introduced a bill that would authorize up to $3 billion of tax-credit bonds that state and local governments could issue each year to finance capital improvements to police and fire departments.

Schwartz, a member of the House Ways and Means Committee, introduced the Police and Fire Station Modernization Act of 2008 on Thursday. The bill has been referred to that committee as well as the House Education and Labor Committee.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.