DALLAS — The Texas Education Agency will distribute more than $1 billion of federally subsidized qualified school construction bonds to local districts under an allocation procedure issued Monday.

The state’s capacity includes $547.7 million of bonds that are available for local districts and a direct allocation of $467 million of QSCBs reserved for 18 large districts across the state by the U.S. Department of Education. The Texas allocation is part of an $11 billion nationwide economic stimulus effort.

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