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Please note these additional Additional
ARRA Bond Programs:
"Qualified Zone Academy Bonds"
(QZABs) can be used to carry
out much-needed school renovations and repairs as well as other
improvements. Through the establishment of Qualified Zone Academy
Bonds (QZABs), school districts with low-income populations (35%
or more free and reduced lunch) can save on interest costs associated
with financing school renovations and repairs as well as other improvements.
NEF provides the 10% match to allow you to form the required business
partnership to expand students' learning opportunities and help
schools prepare students for graduation, workforce and college.
“Qualified Energy Conservation Bonds”
can be used for capital expenditures that reduce energy consumption
in public buildings by 20 percent and for implementing “Green
Community Programs.” These bonds are available for schools
and other entities. The ARRA provides $3.2 billion in bond authority
for the program, which will be allocated to states by population.
Suballocations will go to large municipalities/counties by population.
“Build America Bonds” are new taxable,
tax credit bonds for general governmental purposes, including schools.
There is no limit on the amount of bonds that can be issued.
News:
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