School Safety Funding
$15 million financing authorized by CDE available for school safety improvements
Invitation: You are invited to join a series of free audio conferences on school safety funding. The first of the 30-minute Q&A audio conferences will cover the Qualified Zone Academy Bond (QZAB) program. When private businesses donate to schools up to $1.5 million in cash and/or in-kind goods and services, CDE can authorize up to $15 million this year (a 10-to-1 match) in the form of long-term interest-free loans that can be used for school safety technologies and other school improvements.
When: Tuesday, September 3, 2013, 10:00 am.
How to Participate: Simply call 1-800-511-7985, then press the access code 512-5327 followed by the pound key (#). Please register with us first, using the form on this web page.
Meet the Expert: Joining the call will be Ted Hughes from CDE. Ted reviews all QZAB applications and puts them on a fast track.
Who's Invited: Superintendents, grant writers, principals, facilities managers, construction contract owners, anyone involved in school purchasing decisions and school safety funding.
Use It Or Lose It
This funding has Colorado's name on it. Funds that are unallocated by the end of the year -- just go away! Don't let this happen. It's not too late to apply.
Find out on Tuesday morning how the QZAB program can help your school district save money and make your dollars go further.
School districts usually issue bonds in order to finance improvements to schools within the district. Interest owed on these bonds can equal up to 50 percent of the costs of the entire project. As a result, districts often find it difficult to undertake school improvements, renovation and repair.
In order to facilitate these projects, US Congress created the Federal QZAB program, which provides the bondholder with a federal tax credit in lieu of a cash interest payment. Because the federal government provides the interest payment via the federal tax credit, the district then is relieved of the majority of the interest on the bond. Through this program, the burden on school districts of financing school improvements is eased.
QZAB Frequently Asked Questions
Sponsored by the
Colorado School Safety Task Force
Contact: John Simmons, 303-548-3816
Sign Up Online Now
Since 2010, Senator Steve King, the Task Force, and School Safety Summit participants have been responsible for creating the most widely supported community safety bills in the history of Colorado. We look forward to working with you in promoting safer schools everywhere.