Qualified Zone Academy Bonds
Steps

WARNING: 10% CONTRIBUTIONS OFFERED BY THE DISTRICT'S CONTRACTOR NORMALLY DO NOT 
QUALIFY. PLEASE ENSURE A PROPER 10% CONTRIBUTION
.
  1. Establish your school district, or an individual school within your district, as a Zone Academy by qualifying.

  2. Once the Zone Academy is established, you need to determine your project's scope and details.

  3. Once the size and scope of your project is determined, a public/private partnership needs to be created to better facilitate education in
     the Zone Academy. "QZABs are issued in support 
    of Qualified Zone Academies, schools (or programs within a school) that enter into partnerships with local businesses to  enhance the 
    academic curriculum, increase graduation and employment rates, and better prepare students for the rigors of  college and the workforce
     under a plan approved by the local school system." (US DOE)

  4. The partnership must locate a "Qualified Contributor" to supply a 10% matching grant.

  5. With 1-3 completed, your state department of education should be notified and a request for allocation submitted.

  6. After your QZAB allocation has been approved, you must locate a "Qualified Buyer" who is willing to take your debt and a tax credit 
    instead of an interest check. Issue the QZAB to your qualified buyer.
     

This Page is Sponsored by:
McLiney And Company
The ONLY Nationwide QZAB Specialists
(800) 432-4042 or http://www.mcliney.com

 

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This site is now
maintained 
by: G. Joseph McLiney 
Revised June 25, 2007