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Morstad, Lisa Zimmerman – School Business Affairs, 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…
Descriptors: Tax Credits, School Construction, School Districts, Educational Finance