the american recovery and reinvestment act of 2009 presentation to march 13, 2009
DESCRIPTION
The American Recovery and Reinvestment Act of 2009 presentation to March 13, 2009. American Recovery and Reinvestment Act. AGENDA Introduction to Smith Dawson & Andrews – Jim Smith, Brian Hannigan, Mike Alvarez Overview of ARRA ARRA Funding Specifics ICCSN Strategy Q & A. - PowerPoint PPT PresentationTRANSCRIPT
The American RecoveryThe American Recoveryand Reinvestment Act of 2009and Reinvestment Act of 2009
presentation topresentation to
March 13, 2009March 13, 2009
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
AGENDAAGENDA Introduction to Smith Dawson & Introduction to Smith Dawson & Andrews – Andrews – Jim Smith, Brian Hannigan, Mike Jim Smith, Brian Hannigan, Mike AlvarezAlvarez Overview of ARRAOverview of ARRA ARRA Funding SpecificsARRA Funding Specifics ICCSN StrategyICCSN Strategy Q & AQ & A
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Introduction to SDA – Jim SmithIntroduction to SDA – Jim Smith
Illinois Background and TiesIllinois Background and TiesFounded in 1981Founded in 1981Expertise in Transportation, Expertise in Transportation,
Education, EnergyEducation, EnergyStrong Relations with Illinois Strong Relations with Illinois DelegationDelegationRepresent Several Illinois Local Represent Several Illinois Local GovernmentsGovernments
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Overview of ARRA – Brian HanniganOverview of ARRA – Brian Hannigan
EmergencyEmergency Stimulus/Recovery Bill Stimulus/Recovery BillUnprecedented in Size and ScopeUnprecedented in Size and Scope$787 Billion in New Spending and $787 Billion in New Spending and Tax ReliefTax ReliefContrast to President’s FY2010 Contrast to President’s FY2010 Budget:Budget: $3.6 Trillion Total, of which $3.6 Trillion Total, of which $675 Billion is Non-Defense $675 Billion is Non-Defense
Discretionary SpendingDiscretionary Spending
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Overview of ARRA Overview of ARRA
No Earmarks - Funds to flow through competitiveNo Earmarks - Funds to flow through competitiveFederal Agency processes and through statesFederal Agency processes and through statesStimulus funds do not affect any fiscal year Stimulus funds do not affect any fiscal year appropriations or amounts under FY 2009 Continuing appropriations or amounts under FY 2009 Continuing ResolutionResolutionStated goal is to use at least 50% of funds for Stated goal is to use at least 50% of funds for activities that can be initiated within 120 days of activities that can be initiated within 120 days of enactment of Actenactment of Act
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
ARRA Spending - $499 ARRA Spending - $499 BillionBillion
$144 Billion – State and Local Fiscal $144 Billion – State and Local Fiscal ReliefRelief
$111 Billion – Infrastructure and $111 Billion – Infrastructure and ScienceScience
$81 Billion – Protecting the $81 Billion – Protecting the VulnerableVulnerable
$59 Billion – Health Care $59 Billion – Health Care
$53 Billion – Education and $53 Billion – Education and TrainingTraining
$43 Billion – Energy$43 Billion – Energy
$8 Billion – Other$8 Billion – Other
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
$ 499 Billion$ 499 Billion
144
111
81
5953
43
8
0
20
40
60
80
100
120
140
160
State/LocalFiscal Relief
Infrastructureand Science
Protecting theVulnerable
Health Care Education andTraining
Energy Other
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
ARRA Tax Relief - $288 ARRA Tax Relief - $288 Billion*Billion*
Includes:Includes:$15 Billion - Infrastructure $15 Billion - Infrastructure and Scienceand Science$25 Billion - Education and $25 Billion - Education and TrainingTraining$22 Billion – Energy$22 Billion – Energy
* Tax Provisions could be used by private * Tax Provisions could be used by private entitiesentities in partnerships with Community Colleges in partnerships with Community Colleges
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Purpose and Goals of ARRA Purpose and Goals of ARRA PurposePurpose Preserve and create jobs and promote Preserve and create jobs and promote economic recoveryeconomic recoveryAssist those most impacted by the Assist those most impacted by the recessionrecessionSpur technological advances in science Spur technological advances in science and healthand healthInvest in transportation, environmental Invest in transportation, environmental protection, and other infrastructure that protection, and other infrastructure that will provide long-term economic benefitswill provide long-term economic benefitsStabilize State and local government Stabilize State and local government budgets, in order to minimize and avoid budgets, in order to minimize and avoid reductions in essential services and reductions in essential services and counterproductive State and local tax counterproductive State and local tax increasesincreases
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Purpose and Goals of ARRA Purpose and Goals of ARRA GoalsGoalsCreate or save more than 3.5 million jobs Create or save more than 3.5 million jobs over 2 years over 2 years
Computerize health records - reducing Computerize health records - reducing medical errors and saving billions in health medical errors and saving billions in health care costscare costs (Building Block for Healthcare Reform) (Building Block for Healthcare Reform)
Revive the renewable energy industry Revive the renewable energy industry and provide the capital over the next and provide the capital over the next three years to eventually double three years to eventually double domestic renewable energy capacitydomestic renewable energy capacityUndertake largest weatherization Undertake largest weatherization program in history by modernizing 75 program in history by modernizing 75 percent of federal building space and percent of federal building space and more than one million homesmore than one million homes
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Purpose and Goals of ARRA Purpose and Goals of ARRA GoalsGoals
Increase college affordability for seven Increase college affordability for seven million studentsmillion students by funding Pell Grants, by funding Pell Grants, increasing the maximum award level by increasing the maximum award level by $500, and providing a new higher education $500, and providing a new higher education tax cut to nearly 4 million studentstax cut to nearly 4 million studentsInvest $150 Billion in new infrastructure - Invest $150 Billion in new infrastructure - roads, bridges, mass transit systemsroads, bridges, mass transit systemsProvide an $800 Making Work Pay tax Provide an $800 Making Work Pay tax credit for 129 million working households, credit for 129 million working households, and cut taxes for the families of millions of and cut taxes for the families of millions of children through an expansion of the Child children through an expansion of the Child Tax CreditTax CreditRequire unprecedented levels of Require unprecedented levels of transparency, oversight, and accountability. transparency, oversight, and accountability.
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
ARRA Guiding PrinciplesARRA Guiding PrinciplesCreate and Preserve JobsCreate and Preserve JobsEstablish Unprecedented TransparencyEstablish Unprecedented Transparencyand Reporting Requirementsand Reporting RequirementsMake Funds Available as Quickly as Make Funds Available as Quickly as Possible - Consistent with Prudent Possible - Consistent with Prudent Management Management and Financial Practicesand Financial PracticesStimulus funds do not affect any fiscal year Stimulus funds do not affect any fiscal year appropriations or amounts under FY 2009 appropriations or amounts under FY 2009 Continuing ResolutionContinuing ResolutionStated goal is to use at least 50% of funds Stated goal is to use at least 50% of funds for activities that can be initiated within for activities that can be initiated within 120 days of enactment of Act120 days of enactment of Act
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
ARRA Time LineARRA Time Line
February 13 – Congress Enacts H.R. 1February 13 – Congress Enacts H.R. 1February 17 – President Obama signs ARRA into law; February 17 – President Obama signs ARRA into law;
recovery.gov website activated recovery.gov website activatedFebruary 19 – Federal Agencies begin reporting February 19 – Federal Agencies begin reporting
formula block grant awards formula block grant awardsFebruary 25 – Federal Agencies establish Recovery February 25 – Federal Agencies establish Recovery websites websites March 3 – Federal Agencies begin reporting use of March 3 – Federal Agencies begin reporting use of fundsfunds
Weekly Updates to include:Weekly Updates to include:*Breakdown of Funding*Breakdown of Funding
*Major Actions Taken to Date*Major Actions Taken to Date*Major Planned Actions*Major Planned Actions
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
ARRA Time LineARRA Time Line
May 1 – Agency Recovery Plan deadlineMay 1 – Agency Recovery Plan deadline
May 5 – Agencies to Provide all ARRA assistanceMay 5 – Agencies to Provide all ARRA assistancetransactions to USASpending.govtransactions to USASpending.gov
May 15 – Detailed Agency Financial Reports Become May 15 – Detailed Agency Financial Reports Become AvailableAvailable
May 20 – Federal Agencies begin to report competitive May 20 – Federal Agencies begin to report competitive grantsgrants
and contracts and contracts
June 17 – Target Deadline to Begin Activities June 17 – Target Deadline to Begin Activities Funded with 50% of ARRA Monies Funded with 50% of ARRA Monies
July 15 – Recipients of Federal Funding begin July 15 – Recipients of Federal Funding begin reporting reporting
on their use of fundson their use of funds
September 30, 2010 – Funds SpentSeptember 30, 2010 – Funds Spent
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
ARRA FundingARRA Funding
Specific Opportunities for Specific Opportunities for Community CollegesCommunity Colleges
and the Illinois Community and the Illinois Community College Sustainability College Sustainability
NetworkNetwork
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
$750M- “$750M- “GreenGreen” and Health Care Worker ” and Health Care Worker Training Program - worker training and Training Program - worker training and placement in high-growth industry sectors. placement in high-growth industry sectors. Priority given to projects that prepare Priority given to projects that prepare workers for careers in energy efficiency and workers for careers in energy efficiency and renewable energyrenewable energy
Specific Opportunities – Dept. of Labor
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Energy Efficiency and Renewable Energy- $16.8BEnergy Efficiency and Renewable Energy- $16.8B
-$2.5B applied research-$2.5B applied research-$800M biomass projects-$800M biomass projects-$400M geothermal activities and projects-$400M geothermal activities and projects-$50M information and communication technology-$50M information and communication technology-$3.2B EECBG – Energy Efficiency and Conservation -$3.2B EECBG – Energy Efficiency and Conservation
Block GrantsBlock Grants-$2.8 B by Formula-$2.8 B by Formula-$400 M Competitive Grants-$400 M Competitive Grants
Specific Opportunities – Dept. of Energy
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Energy Efficiency and Renewable Energy- $16.8BEnergy Efficiency and Renewable Energy- $16.8B(Cont.)(Cont.)
-$5B Weatherization Assistance Program-$5B Weatherization Assistance Program
-$3.1B State Energy Program-$3.1B State Energy Program
-$2B Advanced Battery Manufacturing grants-$2B Advanced Battery Manufacturing grants
-$300M Alternative Fueled Vehicles Pilot Grants-$300M Alternative Fueled Vehicles Pilot Grants
-$400M Transportation Electrification-$400M Transportation Electrification
-$300M Energy Efficiency Appliance Rebate and -$300M Energy Efficiency Appliance Rebate and Energy Star ProgramEnergy Star Program
Specific Opportunities – DOE (Cont.)
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Electricity Delivery and Energy Electricity Delivery and Energy ReliabilityReliability-$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
Specific Opportunities – DOE (Cont.)
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Office of Science - Office of Science - -$400M Advanced Research Projects Agency for high-risk, -$400M Advanced Research Projects Agency for high-risk, high-payoff research for alternative energy innovationhigh-payoff research for alternative energy innovationInnovative Technology Loan Guarantee ProgramInnovative Technology Loan Guarantee Program-$6B loan guarantees for renewable technologies and -$6B loan guarantees for renewable technologies and transmission technologies – expected to support more than transmission technologies – expected to support more than $60B in loans$60B in loans
Specific Opportunities – DOE (Cont.)
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
National Telecommunications and Information National Telecommunications and Information AgencyAgency
Broadband Technology Opportunities Program - Broadband Technology Opportunities Program - $4.7B Total to accelerate broadband deployment in $4.7B Total to accelerate broadband deployment in underserved areas and to strategic institutions likely underserved areas and to strategic institutions likely to create jobs or provide significant public benefitsto create jobs or provide significant public benefits
-$200M – Grants to expand public computer center -$200M – Grants to expand public computer center capacity, capacity, specifically including community colleges specifically including community colleges and public librariesand public libraries
Specific Opportunities – Dept. of Commerce
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
$200M-Academic Research Facilities Modernization- All $200M-Academic Research Facilities Modernization- All research divisions and advancements in supercomputing research divisions and advancements in supercomputing technologytechnology $60M- Robert Noyce Scholarship Program to encourage $60M- Robert Noyce Scholarship Program to encourage K-12 math/science teachers (incl. undergrad scholarships)K-12 math/science teachers (incl. undergrad scholarships) $25M- Math and Science Partnerships Program – $25M- Math and Science Partnerships Program – supports innovative partnerships to improve K-12 student supports innovative partnerships to improve K-12 student achievement in math and scienceachievement in math and science
Specific Opportunities – National Science Foundation
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Student Financial Assistance- $15.84BStudent Financial Assistance- $15.84B- $15.64B Pell Grants – - $15.64B Pell Grants – maximum raised to $5,350maximum raised to $5,350- $200M- College work-study- $200M- College work-study Higher Education- $100MHigher Education- $100M- $250M - Institute of Education - $250M - Institute of Education Sciences - data coordinationSciences - data coordination
Specific Opportunities – Department of Education
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
National Health Service CorpNational Health Service Corp - $500M for Health Professions - $500M for Health Professions Training Programs Training Programs * Includes Nursing * Includes Nursing
Specific Opportunities – Department of Health and Human Services (HHS)
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
$53.6B – State Fiscal Stabilization Fund$53.6B – State Fiscal Stabilization FundDistributed directly to statesDistributed directly to states
$8.8B - to states for high-priority needs $8.8B - to states for high-priority needs (public safety, education) and (public safety, education) and modernization, renovation and repair of modernization, renovation and repair of public schools and higher education public schools and higher education facilitiesfacilities
$1.8B - Illinois Funding Share$1.8B - Illinois Funding Share
Funding through the State of Illinois
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
$5B – Weatherization Assistance Program$5B – Weatherization Assistance ProgramIllinois Share - $248.6MIllinois Share - $248.6M
State Energy ProgramState Energy ProgramIllinois Share $103.0MIllinois Share $103.0M
$2.95B – Workforce Investment Act Grants$2.95B – Workforce Investment Act GrantsIllinois Share:Illinois Share:Adults - $26.0MAdults - $26.0MYouth - $62.8MYouth - $62.8MDislocated Workers - $65.3MDislocated Workers - $65.3M
Funding through the State of Illinois
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Advanced Energy Investment Credit- Up to $2.3B in credits. Advanced Energy Investment Credit- Up to $2.3B in credits. A 30% investment tax credit for manufacturing of advanced A 30% investment tax credit for manufacturing of advanced energy property.energy property.
Long-term Extension and Modification of Renewable Energy Long-term Extension and Modification of Renewable Energy Production Tax Credit- Extends the placed-in-service date for Production Tax Credit- Extends the placed-in-service date for wind facilities and other renewable energy facilities for 3 yrs wind facilities and other renewable energy facilities for 3 yrs (through 12/31/12)(through 12/31/12)
* Tax Provisions could be used by private entities* Tax Provisions could be used by private entities in partnerships with Community Colleges in partnerships with Community Colleges
Tax Provisions *
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Temporary Election to Claim the Investment Tax Temporary Election to Claim the Investment Tax Credit in Lieu of the Production Tax CreditCredit in Lieu of the Production Tax Credit
Subsidized Energy Financing Limitation on the Subsidized Energy Financing Limitation on the Investment Tax CreditInvestment Tax Credit
Removal of Dollar Limitations on Certain Energy Removal of Dollar Limitations on Certain Energy CreditsCredits
Clean Renewable Energy Bonds (“CREBs”)Clean Renewable Energy Bonds (“CREBs”) Qualified Energy Conservation BondsQualified Energy Conservation Bonds Addition of Permanent Sequestration Requirement Addition of Permanent Sequestration Requirement
to C02 Capture Tax Creditto C02 Capture Tax Credit
Tax Provisions (Cont.)
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Agencies now ramping-up Agencies now ramping-up to process funding requests to process funding requests New information available dailyNew information available daily Need to monitor websites and explore contactsNeed to monitor websites and explore contacts
Funding ProcessWhat Should ICCSN Do?
THE WHITE HOUSETHE WHITE HOUSEOffice of the Vice PresidentOffice of the Vice President
________________________________________________________________________________For Immediate For Immediate
Release March 12, 2009Release March 12, 2009
Administration Announces Nearly $8 Billion in Administration Announces Nearly $8 Billion in Weatherization Funding and Energy Efficiency Weatherization Funding and Energy Efficiency
GrantsGrants
Will support energy efficiency efforts nationwide that Will support energy efficiency efforts nationwide that will create 87,000 jobs will create 87,000 jobs
and cut energy bills for familiesand cut energy bills for familiesWashington DC -- Vice President Joe Biden and Energy Secretary Chu today Washington DC -- Vice President Joe Biden and Energy Secretary Chu today detailed an investment of nearly $8 billion in state and local weatherization and 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 energy efficiency efforts as part of the President’s American Recovery and Reinvestment Act. With an investment of about $5 billion through the Reinvestment Act. With an investment of about $5 billion through the Weatherization Assistance Program and about $3 billion for the State Energy Weatherization Assistance Program and about $3 billion for the State Energy Program, the Department of Energy will partner with state and local Program, the Department of Energy will partner with state and local governments to put 87,000 Americans to work and save families hundreds of governments to put 87,000 Americans to work and save families hundreds of dollars per year on their energy bills.dollars per year on their energy bills.
To jump-start job creation and weatherization work, the Department of Energy 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 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 next few days. The Department will release additional funding over time as states demonstrate that they are using the funding effectively and responsibly states demonstrate that they are using the funding effectively and responsibly to create jobs and cut energy use.to create jobs and cut energy use.
THE WHITE HOUSETHE WHITE HOUSEOffice of the Vice PresidentOffice of the Vice President
________________________________________________________________________________For Immediate For Immediate
Release March 12, 2009Release March 12, 2009
Obama-Biden Administration Announces Nearly Obama-Biden Administration Announces Nearly $344 Million in Weatherization Funding and $344 Million in Weatherization Funding and
Energy Efficiency Grants for IllinoisEnergy Efficiency Grants for IllinoisPart of nearly $8 billion in Recovery Act funding Part of nearly $8 billion in Recovery Act funding for energy efficiency efforts nationwide that will for energy efficiency efforts nationwide that will
create 100,000 jobs and cut energy bills for create 100,000 jobs and cut energy bills for familiesfamilies
Washington DC -- Vice President Joe Biden and Washington DC -- Vice President Joe Biden and Energy Secretary Chu today announced Illinois Energy Secretary Chu today announced Illinois will receive $343,847,619 in weatherization and will receive $343,847,619 in weatherization and energy efficiency funding – including energy efficiency funding – including $242,526,619 for the Weatherization Assistance $242,526,619 for the Weatherization Assistance Program and $101,321,000 for the State Energy Program and $101,321,000 for the State Energy Program. Program.
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment ActICCSN StrategyICCSN Strategy
ICCSN InitiativesICCSN Initiatives
Illinois Congressional Delegation Illinois Congressional Delegation Letter Letter to Governor Pat Quinn – 100% to Governor Pat Quinn – 100% Support!Support! Signed by All 18 Current Members Signed by All 18 Current Members of Congressof Congress Proposed Network Expansion andProposed Network Expansion and Green Collar Workforce Grant Green Collar Workforce Grant ProgramProgram Now Pursuing with DCOE and Now Pursuing with DCOE and Office of Governor Pat Quinn Office of Governor Pat Quinn
American Recovery and Reinvestment ActAmerican Recovery and Reinvestment Act
Questions and AnswersQuestions and Answers
Conclusion
Thank YouThank You