B2G Institute Blog – Government Contracting

According to a recent article published at Ed.gov, U.S. Secretary of Education Arne Duncan announced that the Department will accelerate stimulus spending by making $11.37 billion in Title I, IDEA, and Vocational Rehabilitation (VR) funding, as part of the American Recovery and Reinvestment Act (ARRA), available to states one month early to help save jobs and drive reform.

“The president and I directed the Cabinet to find ways to pick up the pace of Recovery Act implementation, and I applaud this critical step forward by the Department of Education,” said Vice President Biden. “With over 30,000 Recovery Act projects already approved nationwide and billions in relief flowing to hard-hit families and businesses, we’ve made a lot of progress in a short time—but we continue to focus every day on finding ways to ramp up our efforts to put Americans back to work and rebuild our economy.”

The remaining $11.37 billion in ARRA funds, was to be made available on September 30. The DOE will move up that timeline and ensure that these funds are made available to all states on or around September 1.

This entry was posted on Thursday, August 6th, 2009 at 12:49 pm and is filed under General Information. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.