The American Recovery & Reinvestment Act (ARRA)
What's New
FTA will conduct a webinar on February 2, 2012 from 2pm to 3:30pm EST, to assist grantees with submitting their ARRA Section 1201(c) reports due February 17, 2012. The webinar link is http://fta.adobeconnect.com/arra-refresher/. The call in number is 877-873-8017, participant access code: 2956512. The webinar is limited to 100 participants and participants will be accepted on a first come first served basis. FTA will post the webinar content on line after the webinar has ended.
New OMB Guidance
The Office of Management and Budget (OMB) revised their guidance relating to the aggregation of vendor payments. OMB has re-posted the guidance document M-10-34 to reflect this change. OMB has also re-posted M-10-08 FAQs outlining the reporting responsibilities for recipients related to vendor payments. Go to http://www.federalreporting.gov/ for updated information from OMB.
FTA has awarded 100 percent of its ARRA funding. Read the News Release for more information.
Information on renewing your Central Contractor Registry (CCR) account.
ARRA Overview
Since President Obama signed the American Recovery and Reinvestment Act (ARRA) [Pub. L. 111-5] in February 2009, FTA has awarded 1,072 grants for over $8.78 billion, including FHWA flex funding, and all the transit formula and discretionary funds provided by ARRA have now been "obligated" or committed to specific transit projects. Once funds are obligated to a project, contracts can be bid, workers can be hired, buses and rail cars can be purchased, and work can begin or continue on transit construction projects that create jobs and drive economic growth. Recovery Act transit projects have already generated enough work to employ thousands of people nationwide and activity is expected to ramp up even further in the months ahead as new projects break ground and equipment orders are fulfilled.
ARRA includes appropriations and tax law changes totaling approximately $787 billion to support government wide efforts to stimulate the economy. Over $48 billion of those funds are being invested in transportation infrastructure, including $8.4 billion for transit capital improvements made available through FTA programs. In addition, transit has benefited from $443 million in flexible funding transferred from highway program allocations as well as discretionary allocations under a $1.5 billion multimodal program administered by the Secretary of Transportation. FTA has published formula apportionments, discretionary allocations, or notices of funding availability for the entire $8.4 billion appropriated for transit programs.
Technical Questions? Need Further Assistance? Review the information on this site or contact your FTA Regional Office.
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