| Share

Education Department Awards Interest-Free School-Construction Bonds

Submitting your vote...
Not rated yet. Be the first who rates this item!
Click the rating bar to rate this item.

Por: Elliot Krieger

miércoles, 21 de octubre de 2009

Ir a:Notas de Prensa


Education Department Awards Interest-Free School-Construction Bonds

Funds Come from the Federal Recovery Act


The Department of Elementary and Secondary Education (RIDE) has approved the allocation of $44.4 million in interest-free bonds from the American Recovery and Reinvestment Act for school construction and renovations in six districts and one charter school.


RIDE allocated the Qualified School Construction Bonds through an application and review process. By the end of the year, the recipients will issue bonds for school construction. (The award may carry over for another year if districts cannot meet this deadline.) Through this program the federal government provides a tax credit to cover the interest costs; the recipients therefore have to pay back only the principal and the issuance costs.


"This program will enable our school districts to maintain their current school buildings and, in some cases, to build greatly needed new facilities," said Deborah A. Gist, Commissioner of Elementary and Secondary Education. "We are fortunate that this program will ensure that our students and educators can teach and learn in safe, energy-efficient, and up-to-date school buildings."


The districts receiving bond allocations are:


Central Falls $7.8 million, for districtwide renovations

Chariho $4.8 million, for middle- and high-school renovations

Compass Charter School $1.6 million, for property acquisition, construction, renovations

South Kingstown $ 78,000, for districtwide renovations

Warwick $3.9 million, for districtwide renovations

Westerly $3.9 million, for high-school renovations


The Providence district was separately awarded $22.3 million, for districtwide renovations; that award was provided directly by the federal government, based on district size and poverty level.


RIDE expects to receive the same allocation in 2010, and the department will begin another round of application reviews early next year.


Contact: Elliot Krieger, Communications – (401) 222-8471
Embargo until:
Wednesday, October 21, 2009


Notas de Prensa


Add comment

* - required field



Sera Anthony Gemma el contrincante de David Cicilline?

mar 03, 2012

Por:Anthony Gemma


Anthony Gemma Reacts to, Analyzes WPRI-TV Poll Lincoln, RI – Anthony Gemma, the Lincoln, Rhode Island-based philanthropist and entrepreneur who finis [Leer más]


No comments


Huelga en Rhode Island porque le cortaron salarios a empleados de Seven Hills

mar 03, 2012

Por:United Nurses and Allied Professionals Local 5068


  Woonsocket, RI - Over 200 employees of Seven Hills of Rhode Island (formerly The Homestead Group and before that The ARC of Northern Rhode Isl [Leer más]


No comments


This week at the General Assembly: Legislators, governor reach compromise on compassion centers

mar 02, 2012

Por:Legislative Press Bureau


    Legislators, governor reach compromise on compassion centers Legislative leaders and the sponsors of legislation to allow compassion  [Leer más]


No comments