School construction tax credit bond applications due

The Department will be accepting applications for the Federal Qualified School Construction Bond (QSCB) Program through March 14.

QSCB funds can be used for construction, rehabilitation or repair of a public school facility, or the acquisition of land on which such a facility is to be constructed.  The Department has $764,457 in issuing authority available to award to school units.  The QSCB program is a tax credit bond program and not a grant program.

Applications and additional information are available here on the Department’s website. If you have questions about the QSCB program, please contact Ann Pinnette at 624-6885 or ann.pinnette@maine.gov.