Number: RS20699 Title: Funding School Renovation: Qualified Zone Academy Bonds vs. Traditional Tax-Exempt Bonds Authors: Steven Maguire, Government and Finance Division Abstract: This report outlines the current $1.6 billion Qualified Zone Academy Bond (QZAB) program and provides estimates of the implicit borrower subsidy and the estimated federal revenue loss arising from the tax credits it provides. Pages: 6 Date: Updated July 25, 2001