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The American Recovery & Reinvestment Act of 2009

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. Final guidance with detail on specific reporting and collection instructions on this information is still to be defined by the governing agencies.

See Summary Guidelines for U of M

^† Quote from the Department of Education's Web site