American Recovery and Reinvestment Act
Federal Website: www.recovery.gov
State Website: www.stimulus.sc.gov/
NACo will host a webinar on November 19, 2:00 PM - 3:15 PM EST to discuss
ARRA and Rural Broadband Partnership Opportunities
(Click to Register)
Please join NACo for a webinar on Thursday, November 19 form 2-3:15 p.m. entitled “ARRA and Rural Broadband Partnership Opportunities”. The Recovery Act contained $7.2 billion in funds for rural broadband deployment. A second Notice of Funds Availability (NOFA) is anticipated at the end of November for a portion of this funding with a third NOFA anticipated as well. This webinar will offer an overview of private, nonprofit and public sector partners that are interested in partnering with counties on broadband deployment projects.
For more information about broadband funding opportunities, go to www.broadbandusa.gov. At NACo, contact: Erik Johnston 202/942-4230.
Available Funding (by Subject)
Bonds
- Recovery Act Bond Provisions - Courtesy of Haynsworth Sinkler Boyd, P.A., April 2, 2009 presentation. Includes information about Build America Bonds, New Clean Renewable Energy Bonds (New CREBs), Recovery Zone Economic Development Bonds, and Additional Recovery Act Bond Incentives.
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Recovery Zone Bonds In an effort to stimulate economic growth in distressed areas, the American Recovery and Reinvestment Act of 2009 (ARRA) authorized state and local governments to issue $10 billion in Recovery Zone Economic Development Bonds and $15 billion in Recovery Zone Facility Bonds. On June 12, the Treasury Department released allocations for state and local governments, along with interim guidance as to how the bond proceeds may be used. The bonds were allocated to every state and sub-allocated to every county and large municipality in the country, with every state receiving at least .9 percent of the national volume cap for each type of bond.
Energy
- Topic 1, the Retrofit Ramp-up Program, provides up to $390.04 million forprograms of $5 to $75 million for 8 to 20 awards.
- Topic 2, The General Innovation Fund, is for competitive grants that are reserved for units of local government and state-recognized tribes not eligible for direct formula grants, as per EISA 2007 requirements. Topic 2 provides up to $63.68 million (approximately 2 percent of $3.2 billion) for projects of $1 to $5 million for 15 to 60 awards.
The goal of this competitive FOA is to stimulate activities that move beyond traditional public awareness campaigns, program maintenance, demonstration projects, and other “one-time” strategies and projects. DOE seeks to stimulate activities and investments which can: 1. Fundamentally and permanently transform energy markets in a way that make energy efficiency and renewable energy the options of first choice; and 2. Sustain themselves beyond the grant monies and the grant period by designing a viable strategy for program sustainability into the overall program plan.
Housing
Infrastructure
Resources