IRS Tax-Exempt Bond Office Guidance
The IRS Tax-Exempt Bond office has issued guidance on the effect of the sequester on direct pay bonds. Payments made to issuers on or after March 1, 2013, through and including September 30, 2013, will be reduced 8.7 percent, unless Congressional action changes the reduction percentage. Issuers should complete Form 8038-CP as directed in the instructions. The form and the instructions continue to be the versions that were revised as of January 2012. Issuers will receive correspondence concerning the reduction after they have filed the form.
Qualified Zone Academy Bond Application (DOC)
Districts receiving an authorization from the 2010 Federal Qualified Zone Academy Bond allocation must issue by December 31, 2012 or the authorization will lapse.
Office of Management and Budget Report Pursuant to the Sequestration Transparency Act of 2012 (P.L. 12-155)
(See page 346) The California Department of Education was recently provided this information from the United States Office of Management and Budget regarding sequestration. Districts should consult with their Bond Counsel regarding the consequences of sequestration.
Free and Reduced
Price Meal Data
Percentage of free/reduced price meal data by county, school district, and site.