Millions Are Available Today Through Qualified Zone Academy Bonds (QZABs)

Qualified Zone Academy Bonds

Millions Are Available Today Through Qualified Zone Academy Bonds (QZABs)

The Administration's FY2001 School Modernization Package includes an expansion of the QZAB program to $2.4 billion in bond authority over 2 years. Currently QZABs are limited to repair or renovation projects and the FY2001 proposal also seeks to allow QZABs to be used for new construction. QZABs, created in 1997, are targeted to assist with school renovations in high-poverty areas such as Empowerment Zones/Enterprise Communities (EZ/EC) or schools with 35% of its students eligible for free and reduced priced lunch. $400 million in bonding authority was initially provided in both FY1998 and FY1999. Last year, an additional $400 million was provided in both FY2000 and FY2001

QZABs: A Simple Tool that Works for Schools
Technical Background: Answers questions such as: Can Schools Still Use Qualified Academy Bonds? How Do Qualified Zone Academy Bonds Work? Who Receives Qualified Zone Academy Bonds?
States and Schools That are Currently Using QZABs: At least 21 states are currently using, or in the process of applying for, QZABs, and five more are investigating their use. This list is constantly growing.
State by State Allocations of QZAB Authority