Congressman Gerry Connolly joined with Virginia Governor Tim Kaine in announcing that 50 Prince William County schools are eligible to receive $9.5 million in funding for energy efficiency and renewable energy improvements and renovations through Qualified School Construction Bonds (QSCB) issued by the Virginia Public School Authority.

Connolly said the QSCBs were authorized under the American Recovery and Reinvestment Act passed by Congress early last year.  He said Prince William County and its taxpayers could save hundreds of thousands of dollars over the terms of the bonds because the Recovery Act effectively classifies the QSCBs as no-interest bonds.

The Prince William Congressman said the bonds are an attractive financing mechanism for school improvements in Prince William County because investors receive a tax credit in lieu of interest payments.

Noting that Prince William County schools have already received $64 million in federal Recovery Act education funds to preserve teachers’ jobs and maintain appropriate class sizes, Connolly said, “I applaud Governor Kaine for recognizing the importance of using interest-free bonds authorized by the Recovery Act to improve the learning environment for our children in Prince William County and creating jobs at the same time.” 

Overall, $92.1 million in Qualified School Construction Bonds were approved for 133 projects in 23 localities across Virginia.  The no-interest bonds, established by the American Recovery and Reinvestment Act, are available to localities for K-12 school energy, renovation, and construction projects.

Connolly said the Commonwealth of Virginia approved QSCBs under the federal Stimulus Act for 9 Prince William County high schools, 9 middle schools, and 32 elementary schools.

Prince William County Schools Eligible for Qualified School Construction Bonds:

High Schools

Gar-Field High School    $371,000
Gar-Field Senior High School   $279,000
Battlefield High School   $206,250
Brentsville District High School  $84,000
Woodbridge Senior High School   $279,000
Stonewall Jackson High School   $394,000
Stonewall Jackson High School   $232,500
Osbourn Park High School   $373,000
Osbourn Park High School   $232,500
Forest Park High School    $206,250
Freedom High School    $207,000
Hylton High School    $1,918,591
Hylton High School    $554,000

Middle Schools

Parkside Middle School    $895,949
Parkside Middle School    $117,750
Gainesville Middle School   $100,500
Woodbridge Middle School   $93,750
Marsteller Middle School   $100,500
Godwin Middle School    $92,250
Bull Run Middle School    $100,500
Beville Middle School    $100,500
Benton Middle School    $476,836
Benton Middle School    $100,500
Potomac Middle School    $101,250

Elementary Schools

Kerrydale Elementary School   $35,625
Samuel L. Gravely, Jr. Elementary School $70,500
Glenkirk Elementary School   $61,875
Fannie W. Fitzgerald Elementary School  $78,750
Cedar Point Elementary School   $36,750
Bennett Elementary School   $62,250
Belmont Elementary School   $33,750
Bel Air Elementary School   $39,750
Ashland Elementary School   $72,750
Alvey Elementary School    $61,500
Tyler Elementary School    $30,000
Yorkshire Elementary School   $79,500
Mary Williams Elementary School   $62,250
Victory Elementary School   $67,500
Sudley Elementary School   $131,856
Sudley Elementary School   $39,750
Rosa Parks Elementary School   $60,750
Rockledge Elementary School   $36,000
Marumsco Hills Elementary School  $189,422
Marumsco Hills Elementary School  $35,250
Leesylvania Elementary School   $60,000
Ellis Elementary School    $26,250
Coles Elementary School    $36,000
Buckland Mills Elementary School  $66,750
Bristow Run Elementary School   $62,250
West Gate Elementary School   $33,000
Vaughan Elementary School   $30,000
Swans Creek Elementary School   $57,000
Sinclair Elementary School   $24,000
Signal Hill Elementary School   $60,000
Potomac View Elementary School   $45,000
Occoquan Elementary School   $30,000
Neabsco Elementary School   $42,750
Minnieville Elementary School   $39,750

Total:       $9,575,904