♦ What is QZAB? It is a Federal zero interest program
♦ QZAB Eligibility: 35% or more students on Free/Reduced meals
♦ Use of QZAB Funds: Renovation, Energy, Tech, Equipment, Curriculum (STEM academies)
♦ QZAB Federal Law mandates:
1. QZAB Match at “reasonable fair market value and relevant to the QZAB academy. Discounts are not acceptable” as per the IRS
2. QZAB Academy that “prepares students better for college and workforce,” with verifiable student performance evaluations
Comply with these 2 mandates to avoid problems with IRS audit.