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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. Beause 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.
Request for allocations of QSCB Word doc Fillable PDF form
State Contacts: Craig Neuenswander, Director School Finance Team Kansas State Department of Education 785-296-3872 craign@ksde.org
Dale Dennis, Deputy Commissioner Fiscal and Administrative Services Team Kansas State Department of Education 785-296-3871 ddennis@ksde.org
School Finance Director Dale Brungardt (785) 296-3872 DBrungardt@ksde.org
Assistant Director Sara (Barnes) McCullah (785) 296-3872 sbarnes@ksde.org
Questions about this page? Katie Albright 785-296-3872 kalbright@ksde.org
The Kansas State Department of Education does not discriminate on the basis of race, color, religion, national origin, sex, disability, or age in its programs and activities. (more information...)
To accommodate people with disabilities, on request, auxiliary aides and services will be provided and reasonable modifications to policies and programs will be made. To request accommodations or for more information please contact the Office of General Counsel at gc@ksde.org or by 785-296-3201.