Letter to Chief State School Officers regarding the extension of Qualified Zone Academy Bonds (QZABs) through 2005.

Amount available for awards in calendar year 2005: The IRS anticipates announcing the 2005 allocations before the end of this year.

Amount available for awards in calendar year 2004: A maximum of $400 million distributed to States based on the number of individuals with incomes below the poverty level. This program is operated by the U.S. Department of the Treasury.