American Recovery and Reinvestment Act of 2009:. The Largest Investment in Education in Our Nation’s History. American Recovery and Reinvestment Act of 2009. “Historic opportunity to create jobs and advance education reform ”
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The Largest Investment in Education in Our Nation’s History
“Historic opportunity to create jobs and advance education reform”
The U.S. Department of Education will award the State Fiscal Stabilization Funds (approximately $48.6 billion) to the Governors on a formula basis; upon the approval of the State’s application.
Elementary & Secondary Education
Institutes of Higher Education
Public Safety and Other State Services
(1) State Incentive Grants; &
(2) Innovation Funds Program
LEAs may use the funds for:
One question that we have been receiving frequently is whether the portion of the State Fiscal Stabilization Funds distributed to the Governors based on the amount of fundsneeded to restore cuts in the State's primary elementary and secondary funding formulae, for fiscal years 2009, 2010, and 2011, can be used to pay for the salaries of education staff that were losing their jobs as a result of the cuts.We believe that the relevant permitted uses of funds under the various statutes listed in the earlier slide (for example, any activity authorized by the Elementary and Secondary Education Act of 1965 ("ESEA"), and other education statutes listed) would permit the use of these funds to pay the salaries of this group of education staff. We expect to be providing more guidance on this in the future.
IHEs may use program funds for:
(1) education and general expenditures, and in such a way as to mitigate the need to raise tuition and fees for in-State students; or
(2) the modernization, renovation, or repair of IHE facilities that are primarily used for instruction, research, or student housing. (IHEs may not use funds to increase their endowments).
State’s are required to submit an application to the U.S. Department of Education containing assurances that the State will: