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School Infrastructure
Qualified Zone Academy Bonds (QZAB)
The Iowa Department of Education is pleased to announce the
availability of the application for Qualified Zone Academy
Bonds (QZABs) Authority. The Federal Taxpayer Relief Act of
1997 created the Qualified Zone Academy Bond (loan) Program
to provide low or no interest financing for renovating school
buildings and purchasing equipment. These are financial
instruments that provide low or no interest bonds (loans)
which are subsidized by the federal government in the form
of tax credits to the bondholder. To qualify the school:
- must establish a partnership with a business,
- must have at least 35 percent of the students attending be
eligible for free or reduced price lunches,
- must have the students subjected to the same academic
standards and assessments as other students,
- must be designed in cooperation with business to enhance
the academic program.
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Announcement
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19K posted 04/13/05
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189K posted 04/13/05
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117K posted 04/13/05
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Grant Application
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54K posted 04/13/05
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50K posted 04/13/05
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194K posted 04/13/05
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Authorization Recipients
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48K posted 06/04/04 updated 12/20/04
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33K posted 06/04/04 updated 12/20/04
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162K posted 06/04/04 updated 12/20/04
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Links
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Questions or Comments?
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PowerPoint
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