Qualified Zone Academy Bonds
All 3 criteria must be met for eligibility.
- Public schools that are either located in an Empowerment Zone or Enterprise Community or in which at least 35 percent of the school’s students are eligible for free or reduced-price lunch under the federal lunch program (National School Lunch Act).
- Public schools that have an education program designed in cooperation with business and receive a private business contribution that is not less than 10 percent of the net present value of the proceeds of the bond.
- Public schools that have an education plan that is approved by their school districts and in which students are subject to the same standards and assessments as other students in the district.
Last Modified: 12/08/2004