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ERIC Number: EJ904674
Record Type: Journal
Publication Date: 2010-Jun
Pages: 2
Abstractor: ERIC
Reference Count: 1
ISBN: N/A
ISSN: ISSN-0036-651X
Qualified School Construction Bonds: One School District's Experience
Morstad, Lisa Zimmerman
School Business Affairs, v76 n5 p18-19 Jun 2010
Qualified school construction bonds (QSCBs) are part of the American Recovery and Reinvestment Act of 2009. These bonds allow school districts to finance capital projects at no or very low interest rates. In a nutshell, bondholders accept a lower interest rate because the corresponding federal tax credit they receive subsidizes that lower interest rate. The program was designed to stimulate building projects in a construction market where business was declining. The program's cost to the federal government is debatable, as projects are made possible through this financing strategy that may not have been possible otherwise. The program also stimulates the local economy by bringing large-scale building projects to communities that benefit the job market and that bring in income and sales tax revenues. This article describes the experience of Fayetteville School District in Fayetteville, Arkansas, when it participated in the QSCB program.
Association of School Business Officials International (ASBO). 11401 North Shore Drive, Reston, VA 20190. Tel: 866-682-2729; Fax: 703-478-0205; e-mail: asboreq@asbointl.org; Web site: http://www.asbointl.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Elementary Secondary Education; Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Arkansas