Efforts to extend and expand stimulus law provisions for qualified zone academy bonds and qualified school construction bonds would get a boost under a bill recently introduced by Rep. Charles Rangel, D-N.Y.

The Rebuilding America's Schools Act, or HR 2394, which the House Ways and Means Committee member described in a release on Wednesday, would extend both QSCBs and QZABs through 2015 and would allow them to be issued with direct-pay federal subsidy rates equal to 100% of issuers' interest rate costs.

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