National Charter School Resource Center, 2013
The Qualified School Construction Bond (QSCB) program, a federally subsidized borrowing program initiated as part of the 2009 American Recovery and Reinvestment Act, continues to be a source of support for charter school facilities development. A total of $22 billion in QSCBs were authorized nationwide, and some remain unused. For example, New Jersey announced in March 2013 an allocation of $125 million dedicated specifically for charter schools. In 2010, New Jersey made a $30 million allocation for charter schools, all of which was used, according to the New Jersey Economic Development Agency. This feature of the National Charter School Resource Center's monthly newsletter focuses on the QSCB program and provides information about the New Jersey effort, an explanation of how such debt arrangements work, and resources to further pursue the topic.
