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| Economic Stimulus Projects |
On February 17, 2009, the American Recovery and Reinvestment Act (ARRA) of 2009 was signed by President Obama. The Act is intended to provide a stimulus to the U.S. economy in the wake of the current economic downturn.
The ARRA economic stimulus bill provides $27.5 billion for transportation projects throughout the U.S. The Act includes federal tax cuts, expansion of unemployment benefits and other social welfare provisions, plus domestic spending in education, health care, and infrastructure, including the energy sector. It provides California an estimated $2.57 billion of recovery funds for transportation projects. The estimated total of ARRA funds to be received by the County as a whole under the Surface Transportation Program (STP) is $3.7 million.
In addition to the STP funding, 3% of the ARRA funding (approximately $77 million statewide) is set aside for projects eligible for funding under the Transportation Enhancement (TE) program. State priorities for TE projects include projects employing community or state conservation corps, bicycle and pedestrian activities, and other TE eligible projects such as acquisition of scenic easements and scenic or historic sites, scenic or historic highway programs, landscaping and scenic beautification, and historic preservation and rehabilitation. From the $77 million, $130,909 is available for projects in Nevada County.
Transit Operators in Nevada County are eligible to submit for ARRA funding for transit capital projects in the amount of $647,061.
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