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News release: The U.S. Department of Treasury and the Department of Education have announced how $11 billion in funding will be allocated to states for issuing Qualified School Construction Bonds under the American Recovery and Reinvestment Act of 2009. Qualified school construction bonds can be used to finance the construction, rehabilitation or repair of a public school facility or for the acquisition of land where a school will be built. About $6.6 billion is allocated to states for distribution; another $4.4 billion in authority is granted directly to school systems.
