ARRA Bond Allocations
The American Recovery and Reinvestment Act (ARRA) of 2009 and the Hiring Incentives to Restore Employment (HIRE) Act of 2010 contained a number of new and expanded bond allocations for States and local governments targeted to K-12 school construction, alternative energy, and distressed communities. The Department of Education (DOE), the Georgia Environmental Finance Authority (GEFA), and the Department of Community Affairs have been key partners to GSFIC in the State’s effort to maximize the utilization of these allocations in
On August 20, 2009, in accordance with formulas established under ARRA, Recovery Zone bond allocations were recognized for 111
From April through December of 2010, GSFIC re-allocated $328 million in Recovery Zone Facility Bonds and $194 million in Recovery Zone Economic Development Bonds. The Recovery Zone bond programs expired December 31, 2010.
On May 26, 2010, GSFIC allocated $170 million in Qualified School Construction Bonds (QSCBs) to 13 school districts and the State of
On October 6, 2010, GSFIC allocated just over $305 million in QSCBs to 8 school districts and the State of
Applications for the first round of Qualified Energy Conservation Bonds (QECBs) were due to GEFA March 2, 2011. GSFIC is expected to make QECB allocations in the summer of 2011. Applications for Qualified Zone Academy Bond programs will be released to school districts in March 2011 and due back to DOE in early April 2011.
More detailed information can be found on the individual webpages for each program.
For IRS regulations governing these bond programs and their allocation, see www.irs.gov/taxexemptbond/.
For maturity and tax credit rates set by the US Treasury, see www.treasurydirect.gov.
ARRA Bond Summary
March 17, 2011
Georgia Qualified Energy Conservation Bond Allocations
Georgia Recovery Zone Economic Development Bond and Recovery Zone Facility Bond Allocations