Summary
On June 11, 2010, the secretary of the Department of Education (ED) released a policy letter to chief state school officers intended as a reminder that the calendar year (CY) 2008 allocations for Qualified Zone Academy Bonds (QZABs) will expire on December 31, 2010. The letter also brings attention to recent developments affecting education bonds including the release of CY 2010 state allocations for QZABs and Qualified School Construction Bonds (QSCBs), the addition of a direct payment option for the issuers of these bonds, and new Davis-Bacon compliance guidance. The letter is available at: