Financial Status: |
- Total Obligations: $0
- Total Disbursements: $0
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Major Actions Taken to Date: |
- The Department of Education announced its schedule for releasing Recovery Act funding. $44 billion 45% of the Departments stimulus appropriation will be available for distribution over the next 30-45 days.
- The Department provided governors, state education commissioners, and school superintendents with overarching principles and timing for ARRA monies, as well as specific guidance for State Fiscal Stabilization Fund, Title I Part A, and IDEA Part B ARRA monies.
- Fact Sheets were posted for the three largest ARRA Formula Grant Programs State Fiscal Stabilization Fund, Title I, and IDEA.
- The Senior Procurement Executive issued ED-wide implementation guidance for all contracts utilizing Recovery Act funding. This guidance highlights important contract-related items from the OMB Guidance as well as imposes new contract requirements for ED contracts to ensure transparency and accountability.
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Major Planned Actions: |
- Numerous outreach activities with educational administrators and other stakeholders are being scheduled to ensure optimal utilization of Recovery Act funds.
- Program offices will continue to develop award documentation, including terms and conditions and reporting requirements, necessary for release of State Fiscal Stabilization Fund, Title I, and IDEA monies.
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