16 NCAC 6H.0111 Policy regarding rule for the administration of the Qualified Zone Academy Bonds (QZAB) Program
|Policy Title||16 NCAC 6H.0111 Policy regarding rule for the administration of the Qualified Zone Academy Bonds (QZAB) Program|
|Policy Category||NC Administrative Code (NCAC)|
|Previous Policy Dates||08/03/2000|
|Statutory Reference||GS 115C-489.9|
|Administrative Procedures Act (APA)||16 NCAC 6H.0111|
.0111 qualified zone academy bonds
- Every public school shall be eligible to participate as a qualified zone academy if it meets the requirements set forth in 26 U.S.C. § 1397E(d)(4).
- The minimum amount of bonding authority that the SBE shall allocate to a qualified zone academy shall be five hundred thousand dollars ($500,000).
- Each application for authority to issue qualified zone academy bonds shall be executed by both the LEA and the county board of commissioners.
History Note: Authority G.S. 115C-489.9; 150B-21.1(a7)(2);
Temporary Adoption Eff. January 1, 2001;
Eff. July 1, 2002.