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Sun, Jul 13, 2014

Transportation lead stimulus projects in state

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NASHVILLE – Tennessee has successfully met its first federal reporting requirements for funds that have flowed to or through the state under the American Recovery and Reinvestment Act (ARRA).

The Recovery Act is providing states with more than $246 billion of a total $787 billion made available to create and retain jobs, invest in infrastructure and speed economic recovery. Tennessee was allocated a total of $5.6 billion; the state reported on $214.9 million spent by the state through Recovery Act grants through Sept. 30.

“Our Recovery Act team and state agencies worked literally hundreds of hours toward an unprecedented accomplishment, with no additional staff hired to handle the reporting process,” Deputy Governor John Morgan said. “It’s important to remember the Recovery Act is a two-year program and this is just the first reporting period. Additional reporting on the use of Recovery Act funds will occur quarterly going forward.”

The state filed a total of 310 project reports for the period ending Sept. 30, via FederalReporting.gov, the central government-wide data collection system. Of those, 258 were for transportation projects alone. The reports represent grants totaling $214.9 million received by 15 state agencies. The reports reflect 7,710.9 jobs created and retained through Sept. 30 through these funds.

A major component of the Recovery Act is the requirement for an unprecedented level of transparency and accountability so people can see how the funds are being spent. Specific reporting requirements have been set for government agencies and recipients of Recovery funds to measure progress.

Federal agencies, prime recipients and sub-recipients are required to submit data within 10 days after the end of each calendar quarter for grants, loans, and federally awarded contracts under the Recovery Act. The first reporting period ended on Sept. 30 and reports were submitted by recipients, including states, between Oct. 1 and Oct. 10. The next reports will be submitted in January 2010.

The FederalReporting.gov Web site works in conjunction with the Recovery.gov Web site. The data submitted to FederalReporting.gov will be reviewed and validated by the funding/awarding agencies from Oct. 11-29 and then those reports and visual representations of the information will be available to the public via Recovery.gov.

The reporting by the State of Tennessee and other states represents only part of the recovery picture. Funds awarded directly to non-state agencies will have been reported by those recipients and their data will also be published on Recovery.gov.
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Economy, State, Stimulus
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Members Opinions:
October 13, 2009 at 3:36pm
How many of these jobs will still be around when the Stimulus Money ends?

I noticed the signs on I-24 near Manchester where road work is being done appear to be similar to the Obama logo. Interesting.
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