Perdue, Kaine bill aids historically black colleges

Perdue, Kaine bill aids historically black colleges

U.S. Senator David Perdue is known first and foremost in Washington D.C. for his business acumen, but he plays a key role in several other committees and groups dealing with a range of local Georgia interests.

Among those is the Bipartisan Congressional Historically Black Colleges and Universities (HBCU) Caucus, which seeks to aid the nation’s HCBU’s both financially and logistically.  With ten HBCU’s in Georgia, Perdue is in the perfect position to affect change that will make an impact here at home.

Last month the state’s junior senator joined with a pair of high profile democrats – Tim Kaine of Virginia and Cory Booker of New Jersey, to announce the The HBCU Capital Financing Improvement Act.  The bill makes a series of technical changes to the HBCU Capital Financing Program, providing schools access to capital financing or refinancing for the repair, renovation, and construction of campus infrastructure.  This will allow for easier access to more institutions in the private bond market.

“Georgia is home to 10 fantastic HBCUs that play an important role in educating America’s next leaders,” said Perdue, talking about the bill. “I am working to ensure all HBCUs in Georgia have the opportunity to get financial assistance for capital improvement projects that will only contribute to their positive impact on our state.”