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Qualified
Zone Academy Bonds
Steps |
WARNING: 10% CONTRIBUTIONS OFFERED BY
THE DISTRICT'S CONTRACTOR NORMALLY DO NOT
QUALIFY. PLEASE ENSURE A PROPER 10% CONTRIBUTION.
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Establish your school district, or an individual school
within your district, as a Zone Academy by qualifying.
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Once the Zone Academy is established, you
need to determine your project's scope and details.
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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)
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The partnership must locate a
"Qualified Contributor" to supply a 10% matching
grant.
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With 1-3 completed, your state department
of education should be notified and a request for allocation submitted.
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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
The Six Steps to Interest Free Loans
This site is now
maintained
by: G. Joseph McLiney
Revised June 25, 2007
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