These bonds may be used on behalf of schools or programs that meet the following eligibility criteria:
- must have located in an empowerment zone or an enterprise community; or
- have at least 35 percent of their students eligible for free or reduced-cost lunches under the National School Lunch Act.
Eligible schools must have an education program designed in cooperation with business and receive a private business contribution that is not less than 10 percent of the proceeds of the bond.
Eligible schools must have an education plan that is approved by its school district and its students must be subject to the same standards and assessments as other students in the district.