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What is a QZAB?
This debt instrument, also known as QZABs, was created by Section 226 of the Taxpayer Relief Act of 1997. QZABs allow certain qualified schools to borrow at nominal interest rates for costs incurred in connection with the establishment of special programs in partnership with the private sector. All fifty states and US possessions have individual allocations of QZABs based on poverty levels in those areas.
The California School Boards Association Finance Corporation has teamed with the investment banking firm of McLiney and Company, the nation’s leading provider of QZAB financing. McLiney and Company will handle all of the work necessary to meet all federal and state requirements, including locating the 10% matching contribution. Your schools receive all of the benefits with virtually no work.
Total Assistance
We’ll ensure a successful program by assisting you with:
- Creating a zone academy
- Creating a public/private partnership
- Locating a 10% matching grant
- Obtaining a QZAB allocation
- Structuring the loan; and
- Locating a qualified lender
In short, we guarantee positive results with very little effort on your part, or there’s no cost to you.
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Contact:
McLiney and Company
Joey McLiney
2800 McGee Trafficway
Kansas City, Missouri 64108
(816) 221-4042
Fax: (816) 221-4393
joey@mcliney.com