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M-DCPS AWARDED $24.5 MILLION IN QUALIFIED ZONE ACADEMY BONDS

CONTACT: Dr. Henry C. Fraind
305-995-1206

March 10, 2000


Miami-Dade County Public Schools announced today that it has been awarded $24.5 million in Qualified Zone Academy Bonds (QZABs) from the Florida Department of Education. Created through the Taxpayer Relief Act of 1997, QZABs are issued by the Internal Revenue Service to each state based on its poverty population.

The 68 schools that applied for the bonds will receive funds for projects such as new labs, classroom and building upgrades, room renovations, data and electrical wiring, and computers and software.

For further information, contact Dr. Richard Hinds, Chief Financial Officer, Financial Affairs, at 305-995-1225.

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