WASHINGTON — The Internal Revenue Service on Thursday issued allocations for $400 million of qualified zone academy bonds for each of the 2012 and 2013 calendar years, showing the maximum amount of these bonds that can be issued in each state.

QZABs are taxable tax credit bonds that can only be issued by a state or local government within the jurisdiction of a qualified zone academy. A qualified zone academy is any public school or program established and run by an eligible local education agency to educate and train teachers and other education personnel.

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