The Arkansas Qualified Zone Academy Bond (QZAB) allocation for 2003 is $5.408 million. The State has received a total of $101,522 in unused allocations from previous years. Thus, a total of $5,509,522 is available in the next allocation cycle. Applications for the next allocation cycle will be accepted from now through the deadline of March 17, 2003. The approval of these applications will be considered at the Arkansas State Board of Education meeting on April 14, 2003. If the full amount of $5,509,522 is not allocated at that meeting, the remaining allocation will be available for approval at the August State Board meeting.
Attached is the application for a QZAB allocation. There have been no changes to the November 2000 QZAB Rules and Regulations. Both the application and rules and regulations are posted to the Arkansas Department of Education website. Call Cindy Hedrick at 501/682-4494 for additional information.