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ERIC Number: EJ877471
Record Type: Journal
Publication Date: 2009-Dec
Pages: 6
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-0003-0945
10 Stimulating Ideas
Kennedy, Mike
American School & University, v82 n4 p16-21 Dec 2009
This fall, the Los Angeles Unified School District sold about $2 billion in bonds to finance more projects in its massive school construction program. But the cost of repaying that debt won't be as burdensome as it could have been. Los Angeles took advantage of two federal programs available to school systems through the American Reinvestment and Recovery Act--Qualified School Construction Bonds (QSCB) and Build America Bonds. The bonds issued through those programs offer tax credits that reduce a borrower's interest costs. For someone borrowing $2 billion, the savings can be substantial. The Los Angeles district estimates that it will save $648 million as it pays off those bonds in the coming years. The numbers aren't always as eye-popping as the billions available through those bond programs, but the Recovery Act has included many ways for schools and universities to lay claim to federal funds to help build, renovate or maintain their facilities. This article presents 10 federal stimulus programs that offer education institutions an opportunity to upgrade their infrastructure and stimulate the economy: (1) Qualified School Construction Bonds; (2) Build America Bonds; (3) Bureau of Indian Affairs; (4) National Institute of Standards and Technology (NIST); (5) Race to the Top; (6) Research Facilities; (7) Qualified Zone Academy Bonds; (8) Lunch Program Equipment; (9) Qualified Energy Conservation Bonds; and (10) Rural Community Facilities Program.
Penton Media Inc. American School & University, P.O. Box 2100, Skokie, IL 60076-7800. Tel: 866-505-7173; Fax: 847-763-9682; e-mail: americanschooluniversity@pbinews.com; Web site: http://asumag.com
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: California