Transcript The American Recovery and Reinvestment Act of 2009 presentation to March 13, 2009

The American Recovery
and Reinvestment Act of 2009
presentation to
March 13, 2009
American Recovery and Reinvestment Act
AGENDA
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Introduction to Smith Dawson & Andrews –
Jim Smith, Brian Hannigan, Mike Alvarez
Overview of ARRA
ARRA Funding Specifics
ICCSN Strategy
Q&A
American Recovery and Reinvestment Act
Introduction to SDA – Jim Smith
Illinois Background and Ties
Founded in 1981
Expertise in Transportation,
Education, Energy
Strong Relations with Illinois Delegation
Represent Several Illinois Local Governments
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American Recovery and Reinvestment Act
Overview of ARRA – Brian Hannigan
Emergency Stimulus/Recovery Bill
Unprecedented in Size and Scope
$787 Billion in New Spending and Tax Relief
Contrast to President’s FY2010 Budget:
$3.6 Trillion Total, of which
$675 Billion is Non-Defense
Discretionary Spending
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American Recovery and Reinvestment Act
Overview of ARRA
No Earmarks - Funds to flow through competitive
Federal Agency processes and through states
Stimulus funds do not affect any fiscal year
appropriations or amounts under FY 2009 Continuing
Resolution
Stated goal is to use at least 50% of funds for
activities that can be initiated within 120 days of
enactment of Act
American Recovery and Reinvestment Act
ARRA Spending - $499 Billion
$144 Billion – State and Local Fiscal Relief
$111 Billion – Infrastructure and Science
$81 Billion – Protecting the Vulnerable
$59 Billion – Health Care
$53 Billion – Education and Training
$43 Billion – Energy
$8 Billion – Other
American Recovery and Reinvestment Act
$ 499 Billion
160
140
144
120
111
100
81
80
59
60
53
43
40
20
8
0
State/Local
Fiscal Relief
Infrastructure
and Science
Protecting the
Vulnerable
Health Care
Education and
Training
Energy
Other
American Recovery and Reinvestment Act
ARRA Tax Relief - $288 Billion*
Includes:
$15 Billion - Infrastructure and Science
$25 Billion - Education and Training
$22 Billion – Energy
* Tax Provisions could be used by private entities
in partnerships with Community Colleges
American Recovery and Reinvestment Act
Purpose and Goals of ARRA
Purpose
Preserve and create jobs and promote economic
recovery
Assist those most impacted by the recession
Spur technological advances in science and health
Invest in transportation, environmental protection, and
other infrastructure that will provide long-term
economic benefits
Stabilize State and local government budgets, in order
to minimize and avoid reductions in essential services
and counterproductive State and local tax increases
American Recovery and Reinvestment Act
Purpose and Goals of ARRA
Goals
Create
or save more than 3.5 million jobs over 2 years
Computerize
health records - reducing medical errors and
saving billions in health care costs
(Building Block for Healthcare Reform)
Revive
the renewable energy industry and provide
the capital over the next three years to eventually
double domestic renewable energy capacity
Undertake
largest weatherization program in history
by modernizing 75 percent of federal building space
and more than one million homes
American Recovery and Reinvestment Act
Purpose and Goals of ARRA
Goals
Increase
college affordability for seven million
students by funding Pell Grants, increasing the maximum
award level by $500, and providing a new higher education
tax cut to nearly 4 million students
Invest $150 Billion in new infrastructure - roads, bridges,
mass transit systems
Provide an $800 Making Work Pay tax credit for 129
million working households, and cut taxes for the families
of millions of children through an expansion of the Child
Tax Credit
Require unprecedented levels of transparency, oversight,
and accountability.
American Recovery and Reinvestment Act
ARRA Guiding Principles
Create and Preserve Jobs
Establish
Unprecedented Transparency
and Reporting Requirements
Make Funds Available as Quickly as Possible Consistent with Prudent Management
and Financial Practices
Stimulus funds do not affect any fiscal year
appropriations or amounts under FY 2009 Continuing
Resolution
Stated goal is to use at least 50% of funds for activities
that can be initiated within 120 days of enactment of Act
American Recovery and Reinvestment Act
ARRA Time Line
February 13 – Congress Enacts H.R. 1
February 17 – President Obama signs ARRA into law;
recovery.gov website activated
February 19 – Federal Agencies begin reporting
formula block grant awards
February 25 – Federal Agencies establish Recovery websites
March 3 – Federal Agencies begin reporting use of funds
Weekly Updates to include:
*Breakdown of Funding
*Major Actions Taken to Date
*Major Planned Actions
American Recovery and Reinvestment Act
ARRA Time Line
May 1 – Agency Recovery Plan deadline
May 5 – Agencies to Provide all ARRA assistance
transactions to USASpending.gov
May 15 – Detailed Agency Financial Reports Become Available
May 20 – Federal Agencies begin to report competitive grants
and contracts
June 17 – Target Deadline to Begin Activities
Funded with 50% of ARRA Monies
July 15 – Recipients of Federal Funding begin reporting
on their use of funds
September 30, 2010 – Funds Spent
American Recovery and Reinvestment Act
ARRA Funding
Specific Opportunities for
Community Colleges
and the Illinois Community College
Sustainability Network
American Recovery and Reinvestment Act
Specific Opportunities – Dept. of Labor
“Green” and Health Care Worker
Training Program - worker training and
placement in high-growth industry sectors.
Priority given to projects that prepare
workers for careers in energy efficiency and
renewable energy
$750M-
American Recovery and Reinvestment Act
Specific Opportunities – Dept. of Energy
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Energy Efficiency and Renewable Energy- $16.8B
-$2.5B applied research
-$800M biomass projects
-$400M geothermal activities and projects
-$50M information and communication technology
-$3.2B EECBG – Energy Efficiency and Conservation
Block Grants
-$2.8 B by Formula
-$400 M Competitive Grants
American Recovery and Reinvestment Act
Specific Opportunities – DOE (Cont.)
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Energy Efficiency and Renewable Energy- $16.8B
(Cont.)
-$5B Weatherization Assistance Program
-$3.1B State Energy Program
-$2B Advanced Battery Manufacturing grants
-$300M Alternative Fueled Vehicles Pilot Grants
-$400M Transportation Electrification
-$300M Energy Efficiency Appliance Rebate and
Energy Star Program
American Recovery and Reinvestment Act
Specific Opportunities – DOE (Cont.)
Electricity
Delivery and Energy Reliability
-$4.5B Smart Grid Investment Program
-$100M Worker training activities
-$80M resources assessment and analysis of future demand
Fossil
Energy Research and Development
-$1B R & D Programs
-$800M Clean Power Coal Initiative
-$1.52B Competitive grants for carbon capture and energy efficiency
improvement projects
-$20M Geologic sequestration training and research grants
American Recovery and Reinvestment Act
Specific Opportunities – DOE (Cont.)
Office
of Science -
-$400M Advanced Research Projects Agency for high-risk,
high-payoff research for alternative energy innovation
Innovative
Technology Loan Guarantee Program
-$6B loan guarantees for renewable technologies and
transmission technologies – expected to support more than
$60B in loans
American Recovery and Reinvestment Act
Specific Opportunities – Dept. of Commerce
National Telecommunications and
Information Agency
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Broadband Technology Opportunities Program $4.7B Total to accelerate broadband deployment in
underserved areas and to strategic institutions likely
to create jobs or provide significant public benefits
-$200M – Grants to expand public computer center
capacity, specifically including community colleges
and public libraries
American Recovery and Reinvestment Act
Specific Opportunities – National Science Foundation
$200M-Academic Research Facilities Modernization- All
research divisions and advancements in supercomputing
technology
 $60M- Robert Noyce Scholarship Program to encourage
K-12 math/science teachers (incl. undergrad scholarships)
 $25M- Math and Science Partnerships Program –
supports innovative partnerships to improve K-12 student
achievement in math and science
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American Recovery and Reinvestment Act
Specific Opportunities – Department of Education
Student Financial Assistance- $15.84B
- $15.64B Pell Grants –
maximum raised to $5,350
- $200M- College work-study
 Higher Education- $100M
- $250M - Institute of Education
Sciences - data coordination
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American Recovery and Reinvestment Act
Specific Opportunities –
Department of Health and Human Services (HHS)
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National Health Service Corp
- $500M for Health Professions
Training Programs
* Includes Nursing
American Recovery and Reinvestment Act
Funding through the State of Illinois
$53.6B – State Fiscal Stabilization Fund
Distributed directly to states
 $8.8B - to states for high-priority needs
(public safety, education) and
modernization, renovation and repair of
public schools and higher education
facilities
 $1.8B - Illinois Funding Share
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American Recovery and Reinvestment Act
Funding through the State of Illinois
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$5B – Weatherization Assistance Program
Illinois Share - $248.6M
State Energy Program
Illinois Share $103.0M
$2.95B – Workforce Investment Act Grants
Illinois Share:
Adults - $26.0M
Youth - $62.8M
Dislocated Workers - $65.3M
American Recovery and Reinvestment Act
Tax Provisions *
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Advanced Energy Investment Credit- Up to $2.3B in credits.
A 30% investment tax credit for manufacturing of advanced
energy property.
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Long-term Extension and Modification of Renewable Energy
Production Tax Credit- Extends the placed-in-service date for
wind facilities and other renewable energy facilities for 3 yrs
(through 12/31/12)
* Tax Provisions could be used by private entities
in partnerships with Community Colleges
American Recovery and Reinvestment Act
Tax Provisions (Cont.)
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Temporary Election to Claim the Investment Tax
Credit in Lieu of the Production Tax Credit
Subsidized Energy Financing Limitation on the
Investment Tax Credit
Removal of Dollar Limitations on Certain Energy
Credits
Clean Renewable Energy Bonds (“CREBs”)
Qualified Energy Conservation Bonds
Addition of Permanent Sequestration Requirement
to C02 Capture Tax Credit
American Recovery and Reinvestment Act
Funding Process
What Should ICCSN Do?
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Agencies now ramping-up
to process funding requests
New information available daily
Need to monitor websites and explore contacts
THE WHITE HOUSE
Office of the Vice President
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For Immediate Release
March 12, 2009
Administration Announces Nearly $8 Billion in Weatherization
Funding and Energy Efficiency Grants
Will support energy efficiency efforts nationwide that will create 87,000 jobs
and cut energy bills for families
Washington DC -- Vice President Joe Biden and Energy Secretary Chu today detailed an investment of
nearly $8 billion in state and local weatherization and energy efficiency efforts as part of the President’s
American Recovery and Reinvestment Act. With an investment of about $5 billion through the
Weatherization Assistance Program and about $3 billion for the State Energy Program, the Department
of Energy will partner with state and local governments to put 87,000 Americans to work and save
families hundreds of dollars per year on their energy bills.
To jump-start job creation and weatherization work, the Department of Energy is releasing the first
installment of the funding – about $780 million -- in the next few days. The Department will release
additional funding over time as states demonstrate that they are using the funding effectively and
responsibly to create jobs and cut energy use.
THE WHITE HOUSE
Office of the Vice President
________________________________________
For Immediate Release
March 12, 2009
Obama-Biden Administration Announces Nearly $344 Million in
Weatherization Funding and Energy Efficiency Grants for Illinois
Part of nearly $8 billion in Recovery Act funding for energy
efficiency efforts nationwide that will create 100,000 jobs and cut
energy bills for families
Washington DC -- Vice President Joe Biden and Energy Secretary
Chu today announced Illinois will receive $343,847,619 in
weatherization and energy efficiency funding – including
$242,526,619 for the Weatherization Assistance Program and
$101,321,000 for the State Energy Program.
American Recovery and Reinvestment Act
ICCSN Strategy
ICCSN Initiatives
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Illinois Congressional Delegation Letter
to Governor Pat Quinn – 100% Support!
Signed by All 18 Current Members of Congress
Proposed Network Expansion and
Green Collar Workforce Grant Program
Now Pursuing with DCOE and
Office of Governor Pat Quinn
American Recovery and Reinvestment Act
Conclusion
Questions and Answers
Thank You