ADE Director's Communication Memo Form

Memo Number : FIN-10-078

Date Created : 04/05/2010


Co-op Directors
other: General Business Managers

Type of Memo: Informational
Response Required: No
Section:   Fiscal and Administrative Services - William J. Goff, Assistant Commissioner
Qualified Zone Academy Bond Allocation

Regulatory Authority:
Ark Code Ann. §§6-11-105, 6-20-1201, 6-20-1202, and ADE Rules and Regulations Governing the Allocation of QZABs

Contact Person:
Cindy Hedrick

Phone Number:


The Department of Education has an open application cycle in progress for Qualified Zone Academy Bond (QZAB) allocations. The current amount available is a combination of remaining 2008 and 2009 allocations and newly released 2010 allocations totaling $38,518,000. Applications for the current cycle will be accepted through July 12, 2010, for presentation to the State Board of Education at its August 9, 2010, meeting, according to the Department’s guidelines governing QZABs (section 5.05).

Please find the Department guidelines and QZAB application form attached. More information is available on the following websites: and Just as a reminder, QZABs cannot be used for new construction. Questions may be directed to Cindy Hedrick at (501) 682-4484 or Your district’s fiscal agent may be able to provide information about the best methods of issuing debt for your projects.


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