Affordable Education Act of 2000

[AI summary unavailable — showing source text] Affordable Education Act of 1999 - Title I: Education Savings Incentives - Amends the Internal Revenue Code to increase the maximum annual contribution allowed to an education individual retirement account. Permits eligible educational institutions to maintain qualified tuition programs. Title II: Educational Assistance - Extends the termination date for the exclusion of employer provided educational assistance provisions. Eliminates the 60 month limit on the student loan interest deduction. Excludes from gross income certain amounts received under the National Public Health Service Corps Scholarship Program and the F. Edward Hebert Armed Forces Health Professions Scholarship and Financial Assistance Program. Title III: Liberalization of Tax-Exempt Financing Rules for Public School Construction - Increases the amount by which certain governmental bonds used to finance public school capital expenditures may be exempted from specified arbitrage bond provisions. Provides for the treatment of qualified public educational facility bonds as exempt facility bonds. Permits aggregate Federal guarantees of up to $500 million in school construction bonds by the Federal Housing Finance Board. …