Program Description: The Qualified School Construction Bond Program is a new tax credit program created by the American Recovery and Reinvestment Act (ARRA).
The Qualified School Construction Bonds (QSCB) provides tax credits, in lieu of interest, to lenders who issue bonds to eligible school districts. Because the federal government provides for the “interest” payment, the district is only responsible for repayment of the bond principal. The federal government covers all of the interest in the form of tax credits on these bonds, resulting in savings for these renovation and improvement projects.
All school districts and school buildings are eligible regardless of size or poverty levels. The bond proceeds may be used to finance NEW construction, rehabilitation, repair of public school facilities, and the acquisition of land.
Forty percent of the authority to issue bonds will be allocated by the Secretary of Education to 100 large local education agencies (LEAs) in proportion to the amount of Title I received by the LEAs. No Kansas Schools are in the 100 largest.
Funding: The QSCB authorization for the State of Kansas is $79,589,000 for 2009 and the 2010 allocation $82,984,000. The American Recovery and Reinvestment Act ARRA authorized $11 Billion in 2009 and another $11 Billion in 2010 in QSCB allocations nationwide.
Application process: The application for these bonds is listed below. Please carefully read the information on the application before receiving your board's approval. Please contact the School Finance Team listed below for any questions.
(New) Request for allocations of Qualified School Construction Bonds (QSCB) 
(Word Document - posted March 23, 2010)
Please refer to the U.S. Department of Education’s website at:
Allocations 
(PDF Document - Updated 11/9/2010)
State Contacts:
Craig Neuenswander, Director
School Finance Team
Kansas State Department of Education
(785) 296-3872
cneuenswander@ksde.org
Dale Dennis, Deputy Commissioner
Fiscal and Administrative Services Team
Kansas State Department of Education
(785) 296-3871
ddennis@ksde.org