The American Recovery and Reinvestment Act of 2009 (ARRA) allocated $11 billion per year for 2009 and 2010 for qualified school construction bonds (QSCBs) for America's schools. From a historical perspective, this program is a broad transformation of the federal role in school facility funding. This study examined factors associated with federal…

The federal government has traditionally given local school districts an indirect subsidy by allowing them to issue tax-exempt bonds. Because the bondholders pay no tax on the interest income, they are willing to take a bond bearing interest at, say, 4.5% rather than 6%. Such lower interest is great for the school district because it saves the…

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…

Construction bonding authority--a technical, and often obscure, source of capital funding for school districts--has emerged as a hot ticket for those looking to finance school facilities work under the federal government's economic-stimulus program. School districts left out of the loop for direct funding are lining up for some of at least $24…

This report provides standard facts and figures about the Houston Independent School District's (HISD) finances, student populations, achievements, and more. HISD has humanized that data, as well, with vignettes and profiles that typify the remarkable programs and individuals in the district. One of the three drivers to achieve the vision of…

In conjunction with a bond proposal for energy related items, the North County Public Schools (Missouri) undertook the task of removing friable asbestos Missouri school district undertook the task of removing friable asbestos from schools. Specifications for asbestos abatement prepared by the district administrative office were reviewed by the…

This study of State Provisions for Financing Public School Capital Outlay Programs has been conducted in accordance with a resolution requesting the study. It constitutes the first comprehensive effort to analyze existing policies and practices of States which participate in the financing of local schoolhouse construction. It also develops and…