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TAX CREDIT BONDS FOR SCHOOL CONSTRUCTION, RENOVATION, AND REPAIR
Information on Qualified School Construction Bonds, the Qualified Zone Academy Bond (QZAB) program, and Build America Bonds to finance school and higher education renovation, modernization, and construction. 
Treasury Recovery Act Data as of October 30, 2009.
http://www.treasury.gov/recovery/docs/Treasury%20Recovery%20Act%20Data%20as%20of%2010-30-2009.xls (U.S. Treasury Department, Oct 30, 2009)
Includes state-by-state allocations for Qualified School Construction Bonds, Qualified Zone Academy Bonds, Qualified Energy Conservation Bonds, and Build American Bonds issuances. [Excel spreadsheet]
Qualified School Construction Bonds' First Exam: Risks and Benefits for Issuers and Investors.
(Fitch Ratings, New York, NY, Oct 26, 2009)
Reports that school districts with low credit ratings still have to offer interest payments on special tax credit bonds included in the U.S. stimulus plan. To compensate for weaker credit ratings and changing market conditions, some issuers have had to offer supplemental interest payments or original issue discounts. The American Recovery and Reinvestment Act passed in February created a new funding option for schools: construction bonds that offer federal tax credits in place of interest payments. Unlike past tax credit bonds, these offsets for federal income tax liabilities can be sold and traded separately from the bond principal. The credits allow schools to issue debt without having to pay interest, but some are finding they have to offer more incentives to attract buyers. 3p
TO ORDER:
http://www.alacrastore.com/research/fitch-ratings-Qualified_School_Construction_Bonds_
IRS Releases Guidance on ARRA Bond Provisions.
http://www.irs.gov/taxexemptbond/article/0,,id=206034,00.html (Internal Revenue Services, United States Department of the Treasury, Oct 2009)
The American Recovery & Reinvestment Act of 2009 (ARRA) created several new types of tax-exempt bonds and tax credit bonds under the Internal Revenue Code. The latest guidance, forms and information on the ARRA bond provisions is available at links on this webpage, including Qualified School Construction Bonds, Build America Bonds, Qualified Zone Academy Bonds, various energy bonds,and Tribal Economic Development bonds. Information on Davis-Bacon is included.
Recovery Act Bond Finance: Qualified School Construction Bonds.
http://www.commerce.wa.gov/DesktopModules/CTEDPublications/CTEDPublicationsView.aspx?tabID=0&ItemID=7675&MId=484&wversion=Staging Prussing, Mark; Blacker, Roan; Brown, Duncan (Washington State Department of Commerce, Olympia , Jul 31, 2009)
Provides detail on the Qualified School Construction Bond (QSCB) finance program, as supported by the American Recovery and Reinvestment Act (ARRA) of 2009. An overview of the program and its mechanics is followed by a comparison of these funds with the Qualified Zone Academy Bond (QZAB) and the Build America Bond (BAB) programs. A case study from Broward County (Florida) schools is included. 16p.
Build America Bonds Update.
http://www.treas.gov/press/releases/tg221.htm (U.S. Department of Treasury , Jul 20, 2009)
This is an update on issuances of the Build America Bonds program, from April 3 through July 17, 2009, including state-by-state data. The Build America Bonds program is a new financing tool created by the Recovery Act to allow state and local governments to obtain much-needed funding, at lower borrowing costs, for projects such as construction of schools. [A complete list of issuances organized by state is available in a Microsoft Excel File at the end of this press release.]
Build America Bonds Issuance and Trade Activity.
http://www.msrb.org/msrb1/Press/Release/MSRBBuildAmericaBondsReport.pdf (Municipal Securities Rulemaking Board, Jul 2009)
State and local governments are primarily issuing Build America Bonds, a new form of debt created by the economic stimulus plan, for public improvement projects, according to data released by the Municipal Securities Rulemaking Board. As of June 11, 45 percent of the taxable debt's proceeds have been earmarked for general public improvement projects, 30 percent have gone to transportation, and 16 percent to education. Includes a complete list of bonds issued to school districts, colleges, and universities as of June 11, 2009. 6p.
School Bond Program ABC's [Powerpoint Presentation]
http://www.treasurer.ca.gov/cdiac/seminars/20090619/5b.pdf Clark-Herrera, Eugene (California Debt Investment and Advisory Commission and California Infrastructure and Economic Development Bank Conference , Jun 19, 2009)
Explains the Build America Bonds (BAB), Qualified Zone Academy Bonds (QZAB), and Qualified School Construction Bonds (QSCB) programs of the federal government, which can be used to fund school construction. How the programs work, amounts available, and rules for use of the funds are outlined. 13p.
Key Policy Letter from the Education Secretary to Chief State School Officers on Authorization of Qualified School Construction Bonds and Build America Bonds, and the Extension of Qualified Zone Academy Bonds.
http://www.ed.gov/policy/gen/guid/secletter/090529.html (U. S. Deparment of Education, May 29, 2009)
This letter describes the benefits of the Qualified School Construction Bonds (QSCB),
Build America Bonds (BAB), and Qualified Zone Academy Bonds (QZAB) programs to help LEAs save money and make their repair, renovation, or construction dollars go further. Includes a fact sheet with basic facts on the bond programs, and a table with 2009 allocations to States of QSCBs and QZABs.
Qualified School Construction Bond Allocations for 2009.
http://www.irs.gov/irb/2009-17_IRB/ar08.html (U. S. Department of Treasury, Internal Revenue Service Bulletin 2009-16, Apr 27, 2009)
This notice provides guidance on qualified tax credit bonds called Qualified School Construction Bonds (QSCBs) under section 54F of the Internal Revenue Code. The notice sets forth the amount of QSCBs that may be issued by each State and large local education agency in 2009. QSCBs may be issued to finance certain construction and land acquisition expenditures relating to public school facilities.
School Construction Bond Distributions to States and School Districts.
http://www.newamerica.net/blog/ed-money-watch/2009/school-construction-bond-distributions-states-and-school-districts-11246 Cohen, Jennifer (New America Foundation, Ed Money Watch Blog, Apr 21, 2009)
Analysis of Qualified School Construction Bond distributions to states and school districts that finds that there is little relationship between the poor student population and the distribution of construction bond face value to states and LEAs. Includes spreadsheets containing data on construction bond distributions to states and to the 100 LEAs with the most poor students.
Build America Bonds and Direct Payment Subsidy Implementation.
http://www.irs.gov/irb/2009-16_irb/ar08.html (U. S. Department of the Treasury, Internal Revenue Service Bulletin 2009-16, Apr 20, 2009)
This notice provides guidance on Build America Bonds under section 54AA of the Internal Revenue Code. It includes guidance on eligible types of projects and financings, initial implementation of the direct federal subsidy payment procedures, elections to use this program, and information reporting for this program. Certain guidance in this notice also applies to another type of Build America Bond in which a federal subsidy is delivered in the form of tax credits to investors instead of direct federal subsidy payments to state and local governments.
Qualified Zone Academy Bond Allocations for 2008 and 2009.
http://www.irs.gov/irb/2009-16_irb/ar11.html (U. S. Department of Treasury, Internal Revenue Service Bulletin 2009-16, Apr 20, 2009)
This notice provides guidance on qualified tax credit bonds called Qualified Zone Academy Bonds (QZABs) under section 54E of the Internal Revenue Code. The notice sets forth the amount of QZABs that may be issued within each State for each of the calendar years 2008 and 2009. QZABs may be issued to finance certain expenditures relating to a qualified zone academy established by a local education agency.
Federal Bond Programs Available for School Construction and Repairs.
http://www.nsba.org/MainMenu/Advocacy/FederalLaws/FederalFunding/Stimulus/School-Bonds/BondDescriptions.aspx (National School Boards Assocation, Apr 2009)
The tax-related provisions of the economic stimulus provide $24.8 billion in bond authority to states and local governments for school infrastructure through two primary programs: a new Qualified School Construction Bonds program and the expansion of the Qualified Zone Academy Bonds (QZABs) program. Brief descriptions of both programs are provided.
Build America Bonds: An Introduction.
http://www.dorsey.com/build_america_bonds/ (Dorsey & Whitney LLP, Mar 12, 2009)
General overview of the Build America Bonds, including a description of an innovative
feature that allows issuers to receive a direct payment from the U.S. Treasury, and an explanation that these bonds can be used to finance a wide range of projects.
Build America Bonds.
http://www.millercanfield.com/publications-alerts-550.html (Miller Canfield, Mar 02, 2009)
This alert provides questions and answers on the major characteristics of Build America Bonds (BABs), a new option for government financing included in the American Recovery and Reinvestment Act. Includes a description of BABs, who can issue them and what can be financed, whether or not BABs are exempt from state taxation and authorized under state law, and remaining issues to be clarified.
Municipal Bond Provisions in the 2009 Stimulus Act.
http://www.wcsr.com/resources/pdfs/capmkt_pf022309.pdf (Womble Carlyle, Feb 23, 2009)
Describes provisions regarding municipal bonds in the American Recovery and Reinvestment Act of 2009, including a good explanation of the new category of tax credit bonds called "Qualified School Construction Bonds." 4p.
Issue Brief: Taxable Tax-Credit Bonds Program.
http://www.gfoa.org/downloads/taxcreditbonds.pdf (Government Finance Officers Association, Feb 20, 2009)
Provides clear summaries of expanded tax credit bond programs available to state and local governments in the American Recovery and Reinvestment Tax Act of 2009, including Qualified School Academy Zones (QZABs) and Qualified School Construction Bonds.
Public Finance Provisions of the Economic Stimulus Act Enacted February 17, 2009.
http://www.ssd.com/public_finance_provisions_economic_stimulus_act_enacted_february_17_2009/ (Squire Sanders Public Finance Alert, Feb 17, 2009)
Summarizes provisions of the Stimulus Act that authorize and expand existing authority for state and local government tax-exempt and tax credit bonds, and provisions intended to stimulate market demand for these bonds. In an accompanying table, there is a detailed analysis of the general requirements and national limitations of the new Qualified School Construction Bonds.
Summary of Municipal Bond Provisions in the American Recovery and Reinvestment Act.
http://www.hklaw.com/id24660/PublicationId2542/ReturnId31/contentid53799/ (Holland+Knight, Feb 05, 2009)
This summarizes new tax-credit bond programs, including Qualified School Construction Bonds that will provide the bondholders/investors with a tax credit in lieu of their receiving interest, resulting in an interest-free or very low-interest loan to the state or local government issuing the obligation, and the expansion of the Qualified Zone Academy Bond program.
Legislation: American Recovery and Reinvestment Tax Act of 2009. Tax Credit Bonds for Schools.
http://www.ed.gov/policy/gen/leg/recovery/modernization/leg-arrta.html (U.S. Deparment of Education, Feb 2009)
Text from the American Recovery and Reinvestment Act of 2009, passed on February 13, 2009, concerning Tax Credit Bonds for Schools. This includes Qualified School Construction Bonds and the Extension and Expansion of Qualified Zone Academy Bonds.
Facilities and Construction Money: Where to Find It.
http://www.nsba.org/SecondaryMenu/NationalAffiliates/Webinars/Facilities-and-Construction.aspx (National School Boards Association, Alexandria, VA, 2009)
This webinar is designed to help school board members, administrators, and CFOs take advantage of federal stimulus funding and the current lower costs of materials and labor to build and renovate facilities that enhance learning. Panelists include: Judy Marks with the National Clearinghouse on Educational Facilities, Rachel Gutter of the U.S. Green Building Council, and Sue Robertson, Educational Facilities Planner based in New Orleans and President of Council of Educational Facility Planners International.
Tax Credit Bonds: A Brief Explanation.
http://opencrs.com/document/RL34629/2008-08-20 Maguire, Steven (Congressional Research Service, Aug 20, 2008)
Tax Credit Bonds (TCBs) are a type of bond that offers the holder a federal tax credit instead of interest. This report explains the tax credit mechanism and describes the market for the bonds. Currently, there are four types of TCBs: qualified zone academy bonds (QZABs), clean renewable energy bonds (CREBs), gulf tax credit bonds (GTCBs), and forestry conservation bonds (FCBs). QZABs, which were the first tax credit bonds, were introduced as part of the Taxpayer Relief Act of 1997 (P.L. 105-34) and were first available in 1998.
Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions.
Internal Revenue Bulletin: 2007-35.
http://www.irs.gov/irb/2007-35_IRB/ar07.html#d0e189 (Internal Revenue Service, U.S. Department of the Treasury. , Aug 27, 2007)
This document contains final and temporary regulations that provide guidance to state and local governments that issue qualified zone academy bonds and to banks, insurance companies, and other taxpayers that hold those bonds on the program requirements for qualified zone academy bonds. Includes an explanation of provisions and special analyses.
Tax-Credit Bonds and the Federal Cost of Financing Public Expenditures.
http://www.cbo.gov/ftpdocs/56xx/doc5624/07-08_TaxCreditBonds.pdf Pinkston, Elizabeth; Zimmerman, Dennis (Congressional Budget Office, Jul 2004)
This report explains tax-credit bonds including the Qualified Zone Academy Bond, who might issue tax-credit bonds, compares federal financing costs for tax-credit bonds and appropriations, and compares federal costs for alternative approaches to state and local government borrowing. 14p.
An Investor's Guide to Municipal Bonds.
http://www.sifma.org/services/publications/pdf/An_Investors_Guide_to_Municipal_Bonds(2).pdf (Bond Market Association, 2004)
This covers what municipal bonds are, the effects of market fluctuations on price and yield, credit ratings, the advantages of tax exemption, the safety, the risks, and basic facts about ownership. There is a glossary of municipal terms and an up-to-date tax-exempt/taxable yield equivalent table, revised to reflect the recent rate changes for 2004, showing the return an investor needs from a taxable investment to equal the return on a tax-exempt bond, plus a table showing state taxability of municipal bond interest.
13p.
School Facilities Infrastructure: Background and Legislative Proposals.
http://web.archive.org/web/20070125084738 Boren, Susan (Congressional Research Service , Aug 28, 2003)
Summarizes the federal government's role in direct and indirect financing of school construction and renovation, which continues to be an issue in Congress. Also discussed are recent upward revisions in the federal government's estimates of school construction needs, the general age of schools, enrollment projections, and recent legislative action. 6p.
Early Returns: Tax Credit Bonds and School Construction.
http://www.ppionline.org/documents/School_Construction_0902.pdf Mead, Sara (Progressive Policy Institute, Washington, DC , Sep 2002)
A small federal program piloting tax credit bonds to support school construction, the Qualified Zone Academy Bond (QZAB), has existed since 1997--providing evidence of how tax credit bonds could work. This paper analyzes the results of QZABs to date. The report concludes that, in the absence of more substantial federal assistance, QZABs play an important role in helping needy districts build and maintain school facilities, even though they are not the most effective long-term solution to the problem. The report recommends that the QZAB program, with some modifications, be continued while encouraging Congress to enact a more robust, durable school construction program focused on flexible and accessible initiatives. For example, state infrastructure banks, a promising remedy to the core problem of capital access for public schools, should be explored to replace current tax credit bond programs. 10p.
Funding School Renovation: Qualified Zone Academy Bonds vs. Traditional Tax- Exempt Bonds.
http://www.opencrs.com/document/RS20699/ (Library of Congress, Congressional Research Service, Washington , Jul 25, 2001)
Outlines the $1.6 billion Qualified Zone Academy Bond (QZAB) program and provides estimates of the implicit borrower subsidy and the estimated federal revenue loss arising from the tax credits it provides. QZABs are debt instruments that local education agencies sell to finance school renovation and modernization. The interest on these bonds is paid by the federal government through tax credits to the bondholder. The bond-holders are allowed to apply the credits to their federal corporate income tax or alternative minimum tax liability. 6p.
Fixing Our Schools Now! Qualified Zone Academy Bonds: A New Approach to Financing School Renovation and Repair.
http://www.ed.gov/pubs/fixschools/fixschools.pdf Riley, Richard W.; Frost, Susan ; Brennan-Gac, Patricia (U.S. Department of Education, Washington, DC , Apr 2000)
This booklet examines the Federal government's Qualified Zone Academy Bonds (QZABs) system for helping school districts carry out needed school renovations and repairs, discusses why QZABs are good ideas for school districts, highlights eligibility criteria, and provides basic funding information along with state allocations for 1998 through 2000. A school deputy superintendent and a financier provide their perspectives on using QZABs, followed by profiles of QZAB programs to illustrate how school around the country are utilizing QZAB funds. Final sections list state contacts where information related to QZAB issues can be found; a list of cities, counties, or other areas that contain Empowerment Zones or Enterprise Communities; and responses to frequently asked questions. 69p.
Proposed Direct Subsidy Payments for QSCB and QZAB Programs.http://www.lexology.com/library/detail.aspx?g=a3f237fe-88fa-4596-8a82-afc3a6a17563 Lexology; Jan 12, 2010
This describes how the proposed Jobs Act passed by the U.S. House of Representatives in December, 2009 would expand the Qualified School Construction Bond and Qualified Zone Academy Bond programs in 2010. The Jobs Act would permit school districts with QSCB or QZAB allocations to issue taxable bonds and receive direct payment subsidies from the federal government similar to the direct payment subsidies received by political subdivisions issuing Build America Bonds.
The Hot Iron. [Saving Money on School Construction.]
Sack-Min, Joetta American School Board Journal; v196 n10 , p34-36 ; Oct 2009
Discusses current opportunities for renovating schools, emphasizing funds available from the American Recovery and Reinvestment Act of 2009, and use of funds to make school buildings more healthy and energy-efficient. Various federal bond programs are also discussed.
TO ORDER:
American School Board Journal, 1680 Duke Street, Alexandria, VA 22314; Tel: 703-838-6722http://www.asbj.com
Opportunity and Danger: The Two Sides of the American Recovery and Investment Act.
http://asbointl.org/index.asp?bid=31547 Warner, Carolyn School Business Affairs; v75 n8 , p8,10,12 ; Sep 2009
Presents cautionary advice for school districts receiving funds from the American Recovery and Investment Act of 2009. Careful listening to stakeholders, planning, cautious use of the funds, and thorough documentation are discussed. This is followed by a list four major caveats and advice on the partnership between school business officials and the federal government.
School Facilities and Tax Credit Bonds.
Edelstein, Frederick Educational Facility Planner; v43 n4 , p14,15 ; 2009
Describes the federal government’s Qualified School Construction Bonds, Qualified Zone Academy Bonds, and Build America Bonds. Details of amounts available, eligibility, and links to application instructions are included.
Getting a Piece of the Pie: Schools Need to Be Proactive, Flexible When Pursuing Stimulus Funding.
Turckes, Steven Educational Facility Planner; v43 n4 , p12-15 ; 2009
Outlines how funds from the American Reinvestment and Recovery Act (ARRA) of 2009 may be made available for school facility needs in states that choose to direct them there. Examples of school facility needs in a number of districts that do and do not anticipate receiving federal funds for school facilities are included. Two types of tax credit bonds are also described, as are steps school districts should take toward receiving funding.
Cut the Cost of Borrowing with Zero-Interest Federal QZAB Funds.
Peters, Laurence School Business Affairs; v74 n11 , p23,24 ; Dec 2008
Explains how the U.S. Government's Qualified Zone Academy Bond (QZAB) loans work, who qualifies, how they are obtained, and what the money may be used for.
The Benefits of Investing in Qualified Zone Academy Bonds.
https://www.crowehorwath.com/crowe/Publications/detail.cfm?id=1235 Seelmeyer, Ann Tax Notes; Sep 2005
Explains the QZAB program, describes investor benefits as well as potential downsides, and shows how to calculate the amount of credit.
Districts Can Continue to Issue Qualified Zone Academy Bonds
http://www.nsba.org/HPC/Features/AboutSBN/SbnArchive/2004/October2004/DistrictscancontinuetoissueQualifiedZoneAcademyBonds.aspx School Board News; Oct 12, 2004
Congress has passed legislation to extend qualified zone academy bonds (QZABs) for two years and authorized $400 million each year for 2004 and 2005. QZABs allows eligible school districts -- with low-income populations -- to save money on school renovation and other costs. Since the program was created in 1997, $2.8 billion in school bonds have been underwritten by QZABs.
New QZAB Rule Would Clarify Steps to Correct Proper Use.
Barnett, Susan Duff The Bond Buyer; , p5 ; Mar 26, 2004
Discusses changes proposed by the Treasury Department to the qualified zone academy program that would clarify what an issuer must do to protect the tax credit status of its bonds when it has failed to use them for a proper purpose.
TO ORDER:
http://www.bondbuyer.com
Tax-Exempt Bonds: The Secret to Low-Cost Financing.
http://asbointl.org/ASBO/files/ Carlucci, Joseph P.; Schneider, Robert C. School Business Affairs; v69 n11 , p19-23 ; Dec 2003
Describes the use of tax-exempt bond financing for private schools that is particularly successful when combined with a traditional capital campaign. Such bonds are successful due to their flexible terms and attractive interest rates. Examples of successes and mistakes in the process are provided.
Modern Schools in the 21st Century. Local, State, and Federal Responsibility.
Canavan, Robert The State Education Standard; v4 n1 , p24-28 ; Winter 2003
Cites the daunting need for school construction and repair funds. Explains how the federal Qualified Zone Academy Bonds and the America’s Better Classrooms Act allow certain schools to finance the renovating and/or equipping of school facilities on an interest-free basis through the allocation of federal tax credits. Tables list the state allocations for each award.
TO ORDER:
http://www.nasbe.org/index.php/standard
Law Gives Charter Schools Access to Tax-Exempt Bonds.
http://www.heartland.org/Article.cfm?artId=9180 Howard, Mark School Reform News [Heartland Institute]; Apr 2002
A change to federal law permits local school districts and charter schools to enter into public-private partnerships to take advantage of tax-exempt bonds for developing new school facilities as well as renovating, refurbishing, and equipping existing ones. This article includes definitions of a qualified public educational facility, public-private partnership agreement, and a school facility.
Putting School Renovation on a Fast Track.
http://www.epi.org/publications/entry/issuebriefs_ib167 Sawicky, Max; Harris, Doug Economic Policy Institute Issue Brief; v167 , 3p. ; Dec 02, 2001
The authors recommend increasing federal funding for emergency school repairs and expanding tax credits on school construction bonds(QZABs). Both programs are targeted to areas most in need of better school buildings, and both programs have significant backlogs of potential projects waiting for additional funds. Expanded funding for these programs would provide a quick stimulus to the economy, while providing a long-term investment in education.
Financing School Infrastructure: What Are the Options?
http://asbointl.org/ASBO/files/ Sielke, Catherine C. School Business Affairs; v67 n12 , p12-15 ; Dec 2001
Describes local, state, and federal school infrastructure funding options. Local funding options include bond issues, special local-option sales taxes, and voter-approved mills and sinking funds. Describes use of federal Qualified Zone Academy Bonds.
The ABC-Ds of Capital Financing. How Tax-Exempt Bonds Can Make Debt Work in Schools' Favor.
http://www.nais.org/publications/ismagazinearticle.cfm?ItemNumber=144252 Procknow, Charles E. Independent School Magazine; Fall 2001
Discussion of how independent schools are using tax-exempt bonds as a long-term stable means of funding capital projects. Advises on how to establish financing goals and how to choose partners.
Qualified Zone Academy Bonds: A Financing Tool That Works for Schools
http://asbointl.org/ASBO/files/ccPageContentdocfilename000618705546sept_2001.pdf Musso, John D. School Business Affairs; v67 n9 , 69-70 ; Sep 2001
Describes the origin and purpose of Qualified Zone Academy Bonds (QZAB) and how they work. QZABs were the outgrowth of the Taxpayer Relief Act of 1997 that allowed school districts to borrow money, without paying interest, to fund such educational improvement projects as building renovation, new equipment purchases, and staff development.
QZABs: An Underutilized Resource for Renovating Poor Schools.
School Board News; Feb 22, 2000
About 100 school districts nationwide are renovating schools with federal assistance
through Qualified Zone Academy Bonds (QZABs), but many others have not taken advantage of
this program because they don't know about it. Twenty states haven't even implemented the program and will lose their allocations if school
districts don't apply before the program expires.
Simpler School Financing with Qualified Zone Academy Bonds.
http://www.allbusiness.com/finance/682788-1.html Kimmel, Thomas Government Finance Review; Jun 1998
The author describes two key features of the QZAB bond program that reflect an emerging trend in federal tax policy for school financing. First, the program requires a public-private partnership with a commitment of substantial contributions from the business community. Second, the program relies on tax credits as an incentive for investment rather than the traditional incentives of permitting tax-exempt earnings for the investors.
California Department of Education, Qualified School Construction Bonds
http://www.cde.ca.gov/ls/fa/qs/index.asp
Economic Stimulus Resource Center
http://www.nsba.org/economicstimulus Webpage created by the National School Boards Association (NSBA) with numerous helpful resources on education funding in the American Recovery and Reinvestment Act (ARRA) of 2009.
Georgia State Financing and Invesment Commission. Qualified School Construction Bonds.
http://gsfic.georgia.gov/00/channel_modifieddate/0,2096,77323081_143398993,00.html
Iowa Department of Education Qualified School Construction Bonds
http://www.iowa.gov/educate/index.php
Kansas State Department of Education, Qualified School Construction Bonds
http://www.ksde.org/Default.aspx?tabid=3492
Kentucky Department of Education. Qualified School Construction Bonds.
http://www.education.ky.gov/kde/administrative+resources/commissioner+of+education/messages+to+superintendents/qualified+school+construction+bonds+qscbs+august+2009.htm
Maine Department of Education. Federal Facility Programs. (QZABS and QSCBs)
http://www.maine.gov/education/const/ffgrants.htm
Montana Quality Schools Facility Grant Program
http://commerce.mt.gov/QuickStart/ Information on Montana's stimulus fund allocations for school facilities, including: Quick Start (HB645), Deferred Maintenance & Energy Efficiency Improvement Grants (HB645); Quality Schools Facility Grant Program (HB152); and Qualified School Construction Bonds.
National Association of Bond Lawyers
http://www.nabl.org/about/index.html The National Association of Bond Lawyers educates its members in the law relating to state and municipal bonds and other obligations, provides advice and comment at the federal, state and local levels on legislation, regulations, and rulings affecting state and municipal obligations, and advises on state and municipal obligations in proceedings before courts and administrative bodies as a friend of the court or agency.
Nevada Department of Education. Nevada Information Related to the American Recovery and Reinvestment Act of 2009. School Construction and Zone Academy Bond Programs.
http://www.doe.nv.gov/Recovery/
New Hampshire Department of Education. Qualified School Construction Bonds (QSCB) Awards.
http://www.ed.state.nh.us/education/recovery/qscb-awards.htm
Ohio School Facilities Commission Qualified School Construction Bonds
http://www.osfc.state.oh.us/Programs/QualifiedSchoolConstructionBondsQSCB/tabid/156/Default.aspx
Qualified Zone Academy Bond Rate
https://www.treasurydirect.gov/SZ/SPESQZABRate Website of the U.S. Treasury Department publishes the daily current rate of Qualified Zone Academy Bonds.
Qualified Zone Academy Bonds (QZABs)
http://www.qzab.org/default.asp The National Education Foundation presents information about QZABs, including state allocation, state contacts, QZAB examples, QZAB report, related websites, and FAQ.
Qualified Zone Academy Bonds. U. S. Department of Education.
http://www.ed.gov/programs/qualifiedzone/index.html A provision of the taxcode provides a source of funding that may be used for renovating school buildings, purchasing equipment, developing curricula, and/or training school personnel. The proceeds of the bonds may not be used for new construction. This is a tax credit bonds program, not a grant program. This site includes purpose, eligibility, applicant information, funding status, FAQs, and resources.
Qualified Zone Academy Bonds: The QZAB Home Page
http://www.qzabs.com/ This commercial site includes a history of QZAB finance, what it takes to qualify for an interest free loan, steps to obtaining and qualifying for an interest free loan, a QZAB map, state by state allocations, the historical background of QZABs, QZAB links, and QZAB news.
Rhode Island Office of Economic Recovery and Reinvestment. Qualified School Construction Bonds.
http://www.recovery.ri.gov/progopp/progmatch.php?id=Qualified%20School%20Construction%20Bonds
South Dakota Department of Education. Office of Finance & Management. Qualified School Construction Bonds.
http://doe.sd.gov/ofm/grants/qscb.asp
Tennessee State School Bond Authority Qualified School Construction Bonds Program
http://tn.gov/comptroller/bf/tssbaqscbp.htm
The Bond Buyer
http://www.bondbuyer.com/index.html The Bond Buyer is the authoritative daily source dedicated to the municipal bond market. In addition to a daily newspaper, there is an online service, archive, yearbook, and directory for contact information. The Bond Buyer is useful for tracking information on bond activity connected to school construction and renovation.
Utah State Office of Education. Facilities and Safety. Qualified Zone Academy Bonds and Qualified School Construction Bonds.
http://www.schools.utah.gov/finance/facilities/Funding/qzab.htm
Vermont Department of Education, Qualified School Construction Bonds
http://education.vermont.gov/new/pdfdoc/pgm_construction/arra_qualified_construction_bonds_app_rev.pdf
Washington State Office of Public Instruction. American Recovery and Reinvestment Act (ARRA) School Bond Opportunities.
http://www.k12.wa.us/SchFacilities/EconomicStimulus/SchoolBondOpport.aspx
Wisconsin Department of Public Instruction, Economic Recovery and Reinvestment, Qualified School Construction Bonds
http://dpi.wi.gov/sfs/QSCB.html Includes program description, application process, timeline, and list of district allocations.
School Construction Bonds and Conducting Bond Campaigns http://www.edfacilities.org/rl/bond_issues.cfm (National Clearinghouse for Educational Facilities, Washington, DC) Information on bond programs and bond campaigns to fund the construction of new and existing school buildings, compiled by the National Clearinghouse for Educational Facilities.
School Facilities Funding - Federal
http://www.edfacilities.org/rl/federal_funding.cfm (National Clearinghouse for Educational Facilities, Washington, DC) Information on the federal government's role in funding school and university facilities repair, construction, and modernization, compiled by the National Clearinghouse for Educational Facilities. Includes resources on schools managed by the Bureau of Indian Affairs and the Department of Defense.
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