The Rebuild America’s Schools coalition is supporting legislation to extend the Qualified Zone Academy Bond (QZAB) program, which helps give low- or no-interest financing to school districts for school renovations and upgrades.
The National School Boards Association (NSBA) is a member of Rebuild America’s Schools, a coalition of national education and civil rights groups and 42 large-city school districts that works to create federal support to help local communities build, renovate and modernize schools.
“QZABs and other low-cost federal financing programs provide crucial assistance to budget-conscious school districts so that they may provide better facilities and technology upgrades that help foster student achievement,” said NSBA Executive Director Thomas J. Gentzel.
A bill in the U.S. Senate would extend the authorization of QZABs, which began in 1997, for another two years. In a May 12 letter to leaders of the U.S. Senate’s Committee on Finance, Rebuild America’s Schools notes that QZABs are being used by school districts in every state.
QZABs and a similar program, the Qualified School Construction Bond, “are helping repair, renovate and modernize America’s school infrastructure and stimulating and creating jobs in Oregon and every state,” according to the letter written by Rebuilding America’s Schools Chairman Bob Canavan to Sen. Ron Wyden, D-Ore., the chairman of the Senate Finance Committee. “These jobs are generated in the construction industry among suppliers, ranging from architects and engineers to roofing, heating and cooling contractors and other skilled construction workers who modernize, renovate and repair schools. Modern, energy efficient schools are helping local communities increase opportunities for all students to develop the educational skills necessary to achieve and succeed in the 21st century workforce.”
The extension for QZABs is part of S. 2260, the Expire Act, which would extend federal tax credits and deductions for a wide variety of programs.