Quality Zone Academy Bonds are noninterest-bearing bonds. The borrowing school district pays the principal back in 25 years.
The federal government covers, on average, all of the interest on these bonds, thus enabling schools to save up to 50% of the costs of the projects. In effect, when a school district issues a QZAB, it is like getting 50% of the funds as a grant.
Through the establishment of Qualified Zone Academy Bonds (QZABs), school districts with low-income populations can save on interest costs associated with all activities including the following:
- Energy efficiency and renewable energy
- Renovating and repairing buildings
- Investing in equipment and up-to-date technology
- Developing and improving curriculum (STEM, ELA etc.)
- Training quality teachers
Find out more and how you can apply – we can provide support. Click here.