Does the ARRA provide funding for school infrastructure repairs and modernization?
The economic stimulus does not include a dedicated source of grant funding for school infrastructure repairs and modernization. However, the law allows districts to use funding received from their states through the State Fiscal Stabilization Fund (SFSF) for school modernization and repairs. The ARRA also provides $24.8 billion in bond authority to states and local governments through a new Qualified School Construction Bond program ($11 billion for 2009 and $11 billion for 2010) and through the Qualified Zone Academy Bond program ($1.4 billion for 2009 and $1.4 billion for 2010). Proceeds from the new Qualified School Construction Bond program can be used for the construction, rehabilitation, or repair of public school facilities or for the acquisition of land on which a public school facility will be constructed. Proceeds from Qualified Zone Academy Bonds (QZABs) can be used to finance school renovations, equipment purchases, developing course material, and training teachers and pers
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- Does the ARRA provide funding for school infrastructure repairs and modernization?
