Story Archives of 'schools'

Low Cost (Maybe Free) Bond Money

By Jon Greenberg on Tuesday, June 16, 2009.

Let's start with free money. Under the stimulus act, ARRA, New Hampshire can tap into $29,784,000 of interest-free bonds for school construction. The bond has to be issued by the state or a local government body and the money must be used to buy land for, build, or renovate a school building. The bond comes interest free because Washington gives investors a federal tax credit in an amount designed to replace 100 percent of the interest payments on the bonds.

The Bureau of School Approval & Facility Management is in charge of this program. You want other details? You can find them here