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Federal Bonds

The Qualified Zone Academy Bond (QZAB) program was first created by Section 226 of the Taxpayer Relief Ace of 1997. Its most recent reauthorization was made by the American Recovery and Reinvestment Act (ARRA) of 2009 in which the program was both expanded and modified. As part of the ARRA, a tax credit bond is available for school construction and repairs: the QZAB. CSBA works with McLiney And Company to provide members with total assistance in handling all federal and state requirements from start to finish.

The program

The Qualified Zone Academy Bond (QZAB) program bonds are zero-interest, tax credit bonds that allow the bondholder to receive a return on investment as a credit against its federal tax liability. This program is funded by the federal government and administered by the California Department of Education. CSBA works with McLiney And Company to help LEAs throughout the entire process.

Total assistance
Since 2000 the CSBA Finance Corporation has proudly worked with the investment banking firm of McLiney And Company, the nation’s leading provider of QZAB financing. McLiney And Company has completed over 500 QZABs - more than any other firm! They have also helped hundreds of schools meet the 10% contribution requirement. Your schools receive all of the benefits with virtually no work. In short, they offer 100 percent turn-key programs on a contingency basis. If they are unsuccessful for any reason, there is no charge for anything.


McLiney And Company 
Joey McLiney
2800 McGee Trafficway
Kansas City, Missouri 64108
P: 816.221.4042
F: 816.221.4048