School Repair and Construction Act of 1997

[AI summary unavailable — showing source text] School Repair and Construction Act of 1997 - Amends the Internal Revenue Code to establish a limited school construction tax credit for eligible public elementary or secondary school construction projects. Establishes in the Treasury the School Infrastructure Improvement Trust Fund (consisting of either a specified revenue surplus or amount) in order to offset, in the general fund of the Treasury, any decrease in Federal revenues attributable to such credit.…