What is the timeline for distributing funds from the American Recovery & Reinvestment Act?
As of March 7, U.S. Secretary of Education Arne Duncan announced that $44 billion in stimulus funding from the American Recovery & Reinvestment Act (ARRA) will be available to states in the next 30 to 45 days. By the end of March, governors will be able to apply for 67 percent of the State Fiscal Stabilization Funds (SFSF) for education and discretionary SFSF for education and other government functions, totaling $32.5 billion. These funds will be released within two weeks after approvable applications are received. Guidelines posted by the Department of Education on March 7 also authorize the release this month of half the Title I, Part A stimulus funds, amounting to $5 billion, and half the funds for the Individuals with Disabilities Education Act (IDEA), amounting to $6 billion, without new applications from state and local education agencies. In April, funding for various programs, including education technology grants and Impact Aid grants for school infrastructure repairs and mod
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- What is the timeline for distributing funds from the American Recovery & Reinvestment Act?
