Building, Renovating, Improving, and Constructing Kids' Schools Act

[AI summary unavailable — showing source text] Building, Renovating, Improving, and Constructing Kids' Schools Act - Directs the Secretary of the Treasury, from specified amounts in a stabilization fund, to make available funds to States for loans to enable State entities or local governments to make annual interest payments on certain qualified school construction bonds (with terms up to 20 years) they issue. Bases such State allotments on relative shares of funds received under the Elementary and Secondary Education Act of 1965 as part A basic local program grants under title I provisions for helping disadvantaged children meet high standards. Reserves specified funds for Indian tribes for loans to enable them to pay interest on such bonds they issue. Sets forth requirements for loan repayment and interest rate. Exempts a State entity or local government from such repayment and interest rate accrual prior to January 1, 2008, unless the amount appropriated to carry out assistance for education of all children with disabilities under the Individuals with Disabilities Education Act for any fiscal year before FY 2009 is sufficient to fully fund such assistance for the fiscal year at the originally promised level, which promised l…