Qualified Zone Academy Bonds (QZABs)

This page provides information on Qualified Zone Academy Bonds (QZABs), a federal program which allows select schools to borrow funds interest free for education purposes, except for new construction.

The Qualified Zone Academy Bond Program allows schools to borrow funds interest free for education purposes, except for new construction. Over the last ten years, Ohio was awarded over $137 million in QZAB bonding authority to fund projects at the school building level. To qualify for funding, a school must be located in an "enterprise community", "empowerment zone," or have 35% of their students eligible for free or reduced-cost lunches under the National School Lunch Act. In addition, a qualified school must have a partnership with a business that contributes at least 10% of the amount borrowed. Under the program, the school district pays the amount initially borrowed and the federal government gives the purchaser of the bonds a tax credit in lieu of interest payments.

Resources:

Allocations:

Ohio’s 2016 Allocation (to be issued by December 31, 2018): $14,180,000

Awardees
Date Location  LEA County  Amount 
         

Ohio’s 2015 Allocation (to be issued by December 31, 2017): $14,180,000

Awardees
Date Location  LEA County  Amount 
         

Ohio’s 2014 Allocation (to be issued by December 31, 2016): $14,191,000

Awardees
Date Location  LEA County  Amount 
4/4/2016 Harding Middle School Steubenville City Jefferson  $ 1,500,000.00
5/13/2016 Northside Intermediate School Alliance City Stark  $ 1,000,000.00
         

Ohio’s 2013 Allocation (to be issued by December 31, 2015): $14,611,000

Awardees
Date Location  LEA County  Amount 
1/4/2015 River Valley Middle Gallia County Local Gallia  $    616,884.00
1/4/2015 Southwestern Elementary Gallia County Local Gallia  $    521,068.00
1/4/2015 River Valley High Gallia County Local Gallia  $    440,290.00
1/4/2015 Vinton Elementary Gallia County Local Gallia  $    562,927.00
1/4/2015 Addaville Elementary Gallia County Local Gallia  $    201,009.00
1/4/2015 South Gallia High Gallia County Local Gallia  $    374,149.00
1/4/2015 Hannan Trace Elementary Gallia County Local Gallia  $    611,593.00
7/8/2015 Martins Ferry High Martins Ferry City Belmont  $ 1,000,000.00
8/28/2015 Bellaire Elementary Bellaire Local Belmont  $ 6,000,000.00
9/4/2015 Martins Ferry High Martins Ferry City Belmont  $    500,000.00
         

Ohio’s 2012 Allocation (to be issued by December 31, 2014): $14,611,000

Awardees
Date Location  LEA County  Amount 
4/14/2014 Steubenville High Steubenville City Jefferson  $    700,000.00
4/14/2014 Harding Middle Steubenville City Jefferson  $ 1,450,000.00
4/14/2014 East Elementary Steubenville City Jefferson  $    300,000.00
4/14/2014 Pugliese Elementary Steubenville City Jefferson  $    300,000.00
         

Ohio’s 2011 Allocation (to be issued by December 31, 2013): $15,181,000

Awardees
Date Location  LEA County  Amount 
9/26/2013 Brent Elem Finneytown Local Hamilton  $    235,000.00
9/26/2013 Finneytown Secondary Campus Finneytown Local Hamilton  $ 2,840,000.00
9/26/2013 Whitaker Elem Finneytown Local Hamilton  $ 1,625,000.00
         
         

Ohio’s 2010 Allocation (to be issued by December 31, 2012): $50,855,000

Awardees
Date Location  LEA County  Amount 
8/31/2012 Brent Elem Finneytown Local Hamilton  $    370,000.00
8/31/2012 Finneytown Secondary Campus Finneytown Local Hamilton  $ 1,300,000.00
8/31/2012 Whitaker Elem Finneytown Local Hamilton  $    330,000.00
8/31/2012 Colerain High Northwest Local Hamilton  $ 2,000,000.00
8/31/2012 Northwest High Northwest Local Hamilton  $ 2,000,000.00

Last Modified: 8/4/2016 8:27:48 AM