Qualified Zone Academy Bond Re-authorized
The Qualified Zone Academy Bond (QZAB) program has been re-authorized. Internal Revenue Service Bulletin: 2015-8, Notice 2015-11 sets forth the maximum face amount of QZABs that may be issued for each State. California has been allocated $50,069,000. Applications are received on a continual basis and may be downloaded from the California Department of Education's QZAB Website.
2014-15 Guide for Annual Audits of K-12 Local Educational Agencies and State Compliance Reporting
The Education Audit Appeals Panel (EAAP) recently completed work on the emergency regulations for the 2014-15 Guide for Annual Audits of K-12 Local Educational Agencies and State Compliance Reporting. The proposed final regulations may be found on EAAP's Website (PDF). These guidelines will be effective July 1, 2014. These regulations include new and expanded audit procedures for the K-3 grade span adjustment, verifying unduplicated student counts used for the Local Control Funding Formula apportionment, Local Control and Accountability Plan expenditures, Common Core State Standards implementation funds, and Proposition 39 California Clean Energy expenditures.
Follow California Green Ribbon Schools on Social Media
The School Facilities and Transportation Services Division (SFTSD) is pleased to announce the launch of Facebook and Twitter pages for California Green Ribbon Schools (CA-GRS), State Superintendent of Public Instruction Tom Torlakson’s initiative recognizing excellence in sustainability education, health, and environmental stewardship. The CA-GRS program mirrors the federal recognition administered in California by the SFTSD.
U.S. Department of Agriculture, Food and Nutrition Service - Community Facilities Loans and Grants
The Community Facilities Loans and Grants programs support the success of rural communities (up to 20,000 residents) by providing loans and grants for the construction, acquisition, or renovation of community facilities or for the purchase of equipment for community projects. These facilities can improve access to high-quality and affordable local foods. Sponsors in rural areas and towns should consider applying for this unique opportunity to upgrade their community's child nutrition facilities and purchase equipment that could improve their students' access to healthy, locally, or regionally grown products. These program funds can be used to improve public buildings, such as school food service facilities, Head Start centers, pre-schools, adult day care centers, child day care centers, and food preparation centers.
Energy Efficiency Financing
The Energy Commission is now accepting loan applications on a first-come, first-serviced basis for eligible energy projects from all eligible entities (including public schools). These 3% interest rate loans are available for projects with proven energy and/or capacity savings, provided they meet the eligibility requirements. Examples of projects include: lighting systems, pumps and motors, streetlights and LED traffic signals, automated energy management systems/controls, building insulation, energy generation including renewable and combined heat and power projects, heating and air conditioning modifications, and waste water treatment equipment. Energy efficiency projects must be technically and economically feasible.