; and (v) the estimated number of jobs created by the projects. (C) The total dollar amount of all grants received by local educational agencies under this section. (h) Reallocation If a State educational agency does not apply for an allocation of funds under subsection (a) for a fiscal year, or does not use the State educational agency's entire allocation for such fiscal year, then the Secretary may reallocate the amount of the State educational agency's allocation (or the remainder thereof, as the case may be) for such fiscal year to the remaining State educational agencies in accordance with such subsection. (i) Authorization of appropriations There are authorized to be appropriated to carry out this section $7,000,000,000 for each of fiscal years 2018 through 2027. II School infrastructure bonds 201. School infrastructure bonds (a) In general Subpart J of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding after section 54AA the following new section: 54BB. School infrastructure bonds (a) In general If a taxpayer holds a school infrastructure bond on one or more interest payment dates of the bond during any taxable year, there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the sum of the credits determined under subsection (b) with respect to such dates. (b) Amount of credit The amount of the credit determined under this subsection with respect to any interest payment date for a school infrastructure bond is 100 percent of the amount of interest payable by the issuer with respect to such date. (c) Limitation Based on Amount of Tax (1) In general The credit allowed under subsection (a) for any taxable year shall not exceed the excess of— (A) the sum of the regular tax liability (as defined in section 26(b)) plus the tax imposed by section 55, over (B) the sum of the credits allowable under this part (other than subpart C and this subpart). (2) Carryover of unused credit If the credit allowable under