$22 Billion QSCB Program
| The Qualified School Construction Bond program provides $11 billion face value in tax-free bonds in both fiscal years 2009 and 2010 to help fund school construction, rehabilitation, repair, and land acquisition. It is estimated that the federally-funded bonds will save schools nearly $10 billion in taxes over the next 10 years. The legislation requires that 40 percent of the bond face value be distributed to the 100 local education agencies (LEAs) with the most students living in poverty and the remaining 60 percent to other LEAs based on the distribution of Title I Part A Basic Education Grants. |
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Dr. Laurence Peters
U.S. Education Department
First QZAB Director
Author of Federal Guidelines for QZAB |
It is easy for you now to apply
for
QSCB Funds-Two simple steps
No need to Pay Fees and Interest
- Make sure your school district has at least
35% of students eligible for free/reduced cost lunch or that your school
district is located in an Empowerment Zone/Enterprise Community.
- Email or call Dr. Laurence Peters, national
QSCB expert, to start your QSCB application process. Dr. Peters can
help you with all aspects including securing 10% match, bank and bond
counsel.
Email lpeters@cyberlearning.org
Tel: (703) 823-9999
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