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American Recovery and Reinvestment Act of 2009 - Stimulus Funding

Key Resources

UC Berkeley

Federal


Agency-Specific Information Related to the Recovery Act


Background

The American Recovery and Reinvestment Act of 2009, also called the “Stimulus Law,” was signed into law on February 17, 2009 by President Obama. The Act provides “provides $ 21.5 billion in additional funds for scientific endeavors.”

On February 18, 2009, the Office of Management and Budget (OMB) issued the initial guidance for federal agencies, “Initial Implementing Guidance for the American Recovery and Reinvestment Act of 2009.” This document includes some details related to allocation of grants, contracts, and cooperative agreements and on the extensive new reporting requirements for recipients of Recovery Act funds. On April 3rd, OMB published “Updated Implementing Guidance for the American Recovery and Reinvestment Act of 2009.” OMB published further guidance, including more details on specific reporting instructions and on how the data collection will work government-wide.

Some of the new reporting requirements that may be appearing in terms and conditions for awards made with Recovery Act funds include (from page 14 of the initial OMB Guidance):

  • Quarterly financial and technical reports
  • Reports on number of jobs created
  • Evaluation of the completion status of a project
  • Detailed information on any subcontracts or subgrants to include data elements required to comply with the Federal Funding Accountability and Transparency Act of 2006

General information on the Recovery Act is published on the Recovery.gov site, and federal agencies receiving the funds are also required to establish a page with specific information. Federal agencies will generally have two years to spend the Recovery Act funds.