SECTION 3. NATIONAL ZONE

ACADEMY BOND LIMITATION FOR 2011

The national limitation for QZABs issued under § 54E for calendar year 2011 is $400 million. This amount is allocated among the States as follows:

exceeds the amount of bonds issued during such year which are designated QZABs with respect to qualified zone academies within such State, the limitation amount for such State for the following calendar year shall be increased by the amount of such excess. Under § 54E(c)(4)(B), however, any carryforward of a limitation amount may be carried only to the first 2 years following the unused limitation year. For these purposes, the limitation

amount shall be treated as used on a first-in first-out basis.

Sections 1.1397–1 (the “Final Regulations”) and 1.1397–1T (the “Temporary Regulations”) set forth regulations that were issued under § 1397E. For other guidance concerning the applicability of the regulations issued under § 1397E, the credit rate, and the sinking fund yield see Notice 2009–15, 2009–6 I.R.B. 449, No

Qualified Zone Academy Bond Allocations by State or Territory, 2011

State or Territory QZAB Allocation (in dollars)

Alabama $7,194,000 Alaska $553,000 Arizona $9,521,000 Arkansas $4,637,000 California $45,855,000 Colorado $5,527,000 Connecticut $2,841,000 Delaware $861,000 DC $898,000 Florida $24,235,000 Georgia $14,161,000 Hawaii $1,178,000 Idaho $1,943,000 Illinois $14,932,000 Indiana $8,001,000 Iowa $3,058,000 Kansas $3,213,000 Kentucky $6,896,000 Louisiana $6,870,000 Maine $1,443,000 Maryland $4,549,000 Massachusetts $5,883,000 Michigan $13,987,000 Minnesota $4,986,000 Mississippi $5,543,000 Missouri $7,597,000 Montana $1,271,000 Nebraska $1,897,000 Nevada $2,892,000 New Hampshire $990,000 New Jersey $7,132,000 New Mexico $3,208,000 New York $24,194,000 North Carolina $13,178,000 North Dakota $651,000 Ohio $15,181,000 Oklahoma $5,143,000 Oregon $4,796,000 Pennsylvania $13,556,000 Rhode Island $1,093,000 South Carolina $6,730,000 South Dakota $990,000 Tennessee $9,431,000 Texas $37,014,000 Utah $2,872,000 Vermont $618,000 Virginia $7,197,000

2011–6 I.R.B. 466 February 7, 2011

Qualified Zone Academy Bond Allocations by State or Territory, 2011

State or Territory QZAB Allocation (in dollars)

Washington $7,176,000 West Virginia $2,824,000 Wisconsin $6,102,000 Wyoming $482,000 American Samoa $358,000 Guam $366,000 Northern Mariana Islands $212,000 Puerto Rico $15,765,000 Virgin Islands $319,000 Total Allocation $400,000,000

and Products). For further information regarding this revenue procedure, contact David E. White or Timothy L. Jones at (202) 622–3980 (not a toll-free call).