United States Stimulus Act Guide to

Qualified School Construction Bonds

QSCBs are one of the newest tax-credit bond programs for school construction and rehabilitation. Unlike QZABs, QSCBs may be used for NEW building and land acquisition. As with QZABs, the bondholder  receives an annual tax credit – at a rate set by the Treasury Department – in lieu of tax-exempt interest while the bond is outstanding. $11 billion annually has been authorized for years 2009 and 2010 for the program. Of this amount 40% must be used for the nation’s top 100 largest education agencies. The remaining 60% will be distributed by basing it on the respective amount of local education grants each state receives under the Elementary and Secondary Education Act. Allocations may be found here.


As this this is anticipated to be run in a very similar fashion to the very popular QZAB program, and because this program allows NEW SCHOOL CONSTRUCTION, we believe this program’s fund be in high demand. Any interested school would be advised to contact a (SEC / FINRA) LICENSED investment firm with QZAB experience. As of March 27, 2009, McLiney And Company, has become our nation’ leading firm QZAB firm  by a large margin, with more than 350 QZABs completed.


Important Note: Because of the complexity and numerous steps with tax credit bonds, it is prudent to work with a licensed Investment Firm or Broker.  To check on Check prospective firms, go to the FINRA (Financial Industry Regulatory Authority) or Click below. In only takes a few seconds.


Financial Industry Regulatory Authority’s “Broker-Check”http://www.finra.org/Investors/ToolsCalculators/BrokerCheck/index.htmhttp://www.finra.org/Investors/ToolsCalculators/BrokerCheck/index.htmshapeimage_1_link_0

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Please note: Guidance from the U. S. Treasury for the majority of the TCBs, has now been provided. If you need IMMEDIATE assistance or information, we recommend you contact the sponsors of this site: McLiney And Company at (800) 432-4042, or email them by clicking here.


©2009 FINRA. All rights reserved. FINRA is a trademark of the Financial Industry Regulatory Authority, Inc.


 

American Recovery and Reinvestment Tax Act of 2009