Can private universities satisfy the business partner requirement for the Qualified Zone Academy Bonds?
A. Yes, as private for-profit organizations, private universities may participate as business partners for Qualified Zone Academy Bonds. For more information on how to use these bonds, contact your State Education Agency. Q. Who is eligible for the Qualified Zone Academy Bonds? A. Schools in Empowerment Zones and Enterprise Communities, as well as schools where at least 35 % of the students qualify for free and reduced lunch. Q. What can QZABs be used for? A. At least 95% of the proceeds from the bond issue are to be used to do any of the following for the qualified zone academy: a) rehabilitate or repair its facility; b) obtain equipment; c) develop course materials; and d) train teachers or other personnel. Q. Can Qualified Zone Academy Bonds be used by both public and private schools? A. No, QZABs are for use by public schools only. Questions Regarding Applicants who are now Enterprise Communities Q. Can current ECs change their nominating entity in applying for EZ status? A. Yes, E
