Minden Press-Herald

Sep 23rd

QSCB loans will stimulate improvements

The first of two $3 million loans is on its way to being spent by the Webster Parish School Board. The loans are Qualified School Construction Bonds (QSCB), which are part of a federal stimulus package that began in 2009.

"School boards can use the loan to fund capital improvement projects at little or no cost," New Orleans bond attorney Grant Schleuter said. "You can use it for any capital project, equipment and so forth, except for two things — you can't buy land that you aren't going to build a school on and you can't buy stand-alone equipment."

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