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ERIC Number: EJ844943
Record Type: Journal
Publication Date: 2009
Pages: 2
Abstractor: ERIC
Reference Count: 0
ISBN: N/A
ISSN: ISSN-1059-7417
School Facilities and Tax Credit Bonds
Edelstein, Frederick S.
Educational Facility Planner, v43 n4 p14-15 2009
The tax credit portion of the American Recovery and Reinvestment Act of 2009 (also known as the economic stimulus package or ARRA) has three different entities that can be used for various school construction including new, modernization, renovation and acquisition of sites for school projects. The bond rule notice and allocations have been issued by the U.S. Department of Treasury and the Internal Revenue Service, and the appropriate URLs are listed in this article for each type of bond. Devoid of legalese, this article discusses the bond components: (1) Qualified School Construction Bonds ($11 billion per year for fiscal years 2009 and 2010); (2) Qualified Zone Academy Bonds ($1.4 billion per year for fiscal years 2009 and 2010); and (3) Build America Bonds. (Contains 4 online resources.)
Council of Educational Facility Planners International. 9180 East Desert Cove Drive Suite 104, Scottsdale, AZ 85260. Tel: 480-391-0840; Fax: 480-391-0940; e-mail: contact@cefpi.org; Web site: http://www.cefpi.org/i4a/pages/index.cfm?pageid=3372
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A