USDA Information Related to the ARRA
Overview of the American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century.
The Recovery Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nation's infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
Implementing the Recovery Act
-- The $28B (3.5%) of the package was appropriated to USDA.
-- The Act allows up to 3 percent of the funds provided to RD for administrative costs (approximately $130.8 million).
-- Broadband loan budget authority and loan levels to be determined by the agency.
-- Mandatory funding; reflects CBO scoring.
-- Provides $90 million annually through December 31, 2010 and $22.5 million for the first quarter of FY 2011
-- For instance, USDA has allocated $22,500,000 to the USDA Office of Inspector General for oversight and auditing of Recovery Act funds.
To view the U.S. Department of Agriculture’s ARRA Plans, go
here.
