Laserfiche WebLink
~'`~`'~' PUBLIC SCHOOLS OF NORTH CAROLINA <br />~~, ~,. <br />_ ~~ _'=:: <br />~'' STATE BOARD OF EDUCATION William C. Harrison, Ed.D., Chairman and Chief Executive Officer <br />_ : a~~: <br />~` DEPARTMENT OF PUBLIC INSTRUCTION June St. Clair Atkinson, Ed.D., Stafe Superlntende~tt <br />' "d' ,- <br />°~r <br />1V1Yw.NGPUIILICSCHOOLS.ORC / <br />MEMORANDUM -----`~`-`~"" <br />TO: Public School Superintendents <br />Chairs of County Boards of Commissioners <br />FROM: Philip W. Price, Chief Financial Officer <br />Benjamin J. Matthews, PhD., Director, School Support Division <br />DATE: June 25, 2009 <br />SUBJECT: Qualified School Construction Bonds <br />We are pleased to inform you that zero or low interest bond availability has been allocated <br />to your LEA for the 2009 Qualified School Construction Bonds program (QSCB). The <br />QSCBs are new bonds established as part of the American Recovery Reinvestment Act of <br />2009 (Public Law 111-5) (ARRA) effective February 17, 2009. QSCBS are for the specific <br />use of construction (both new and additions), rehabilitation or repair of a public school, or <br />for land acquisition in conjunction with the previous. <br />The enclosed packet of materials will explain Qualified School Construction Bonds, <br />provide information and cite additional sources, and offer instructions for utilizing this <br />financial resource for schools within your jurisdiction. Pay particular attention to the <br />stated deadlines as the procedure for issuing these bonds is time sensitive. Feel free to <br />request additional clarification from Dr. Ben Matthews, Director of School Support, at <br />(919) 807-3501 or Mary Gruebnau, School Planning at (919) 807-3556. <br />PWP/mkg <br />GC: LEA Finance Directors <br />County Finance Directors <br />LEA Maintenance Directors <br />OFFICE OF FLNANC[AL AND BUSINESS SERVICES <br />Philip W. Price, ChiejFbtnneral Officer I pprice@dpistate.ne.us <br />6326 Mail Service Center, Raleigh, Norlh Carolina 27699-6326 I (919) 807-3600 I Fax (919) 807-3604 <br />AN EQUA L OPPORTUNITY/AFFIRMATI V E ACTION GMPLOYER <br />Attachment number 1 <br />Page 130 of 315 <br />F-7 <br />