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You are here: Home / Policy Manual / North Carolina Administrative Code (16 NCAC) / 16 NCAC 6H.0111 Policy regarding rule for the administration of the Qualified Zone Academy Bonds (QZAB) Program

16 NCAC 6H.0111 Policy regarding rule for the administration of the Qualified Zone Academy Bonds (QZAB) Program


ItemDescription
Policy Title16 NCAC 6H.0111 Policy regarding rule for the administration of the Qualified Zone Academy Bonds (QZAB) Program
Policy CategoryNC Administrative Code (NCAC)
Policy IDNCAC-6H.0111
Policy Date2011-06-07
Previous Policy Dates08/03/2000
Statutory ReferenceGS 115C-489.9
Administrative Procedures Act (APA)16 NCAC 6H.0111

 

.0111  qualified zone academy bonds

  1. 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).
  2. The minimum amount of bonding authority that the SBE shall allocate to a qualified zone academy shall be five hundred thousand dollars ($500,000).
  3. 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.

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