President Obama signed the American Recovery and Reinvestment Act (ARRA), also known as “the Recovery Act” or “the Stimulus bill,” into law on February 17, 2009. The full text of the law is available to read.
“Education funds provided through the American Recovery and Reinvestment Act (ARRA) provide a unique opportunity to jump start school reform and improvement efforts while also saving and creating jobs and stimulating the economy.” †
According to Federal guidelines, there is an unprecedented level of transparency and accountability with ARRA funding that is beyond standard practice typically associated with a federal award; ARRA funds are subject to additional and more rigorous reporting requirements. Report suspected fraud or abuse related to ARRA funds to the University of Memphis Internal Audit Department https://umdrive.memphis.edu/g-uomaudit/www/fraudreportform.htm or the US Department of Education; Office of Inspector General http://www2.ed.gov/about/offices/list/oig/hotline.html.
† Quote from the Department of Education's Web site