Sen. John D. Rockefeller, D-W.Va., has introduced legislation to extend stimulus law authorizations for qualified zone academy bonds and qualified school construction bonds through 2015 and allow the debt to be issued with federal payments to issuers.

The QSCB and QZAB direct-pay bonds would be similar to Build America Bonds, but could only be used for schools and would have federal subsidy rates equal to 100% of interest costs, under the bill, S. 796.

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