President Obama signed the American Recovery and Reinvestment Act
Signed, sealed, delivered: ARRA The economic recovery package is essential for our nation's economy, for its infrastructure, and for our energy, health, and education needs -- and now it's the law .. article continues below ...
Link ~*** Obama calling for more infrastructure spending and a new bank: and remember ~ American Recovery and Reinvestment Act of 2009 ...
Link ~ Business Groups Fault Obama Infrastructure Plan's Lack of Funding Details
Link ~ Infrastructure Bank? Smartest investments? ...
More ~Links - Infrastructure and the National Infrastructure Bank
February 17, 2009President Obama signed the American Recovery and Reinvestment Act
Signed, sealed, delivered: ARRA
The economic recovery package is essential for our nation's economy, for its infrastructure, and for our energy, health, and education needs -- and now it's the law.
After months of planning and weeks of negotiation, President Obama signed the American Recovery and Reinvestment Act today in Denver, CO.
"What I am signing is a balanced plan with a mix of tax cuts and investments. It is a plan that’s been put together without earmarks or the usual pork barrel spending. And it is a plan that will be implemented with an unprecedented level of transparency and accountability," President Obama said before signing the bill into law. "And we expect you, the American people, to hold us accountable for the results.
That is why we have created Recovery.gov – so every American can go online and see how their money is being spent."
That site, Recovery.gov, is now live. You can go there to see projections -- based on language in the legislation -- of where your money will go, broken down state-by-state. And over the coming weeks and months, as the funds start to go out, you'll be able to see far more detailed information.It's just the beginning of a long process, of course -- on Air Force One today, Press Secretary Robert Gibbs called it "a strong start towards economic viability."
"Our American story is not -- and has never been -- about things coming easy," the President said in his remarks at the Denver Museum of Nature and Science. "It’s about rising to the moment when the moment is hard, converting crisis into opportunity, and seeing to it that we emerge from whatever trials we face stronger than we were before."Before the signing, President Obama toured the museum's solar panel installation.
Read the President's and Vice President's full remarks. After President Obama signed the American Recovery and Reinvestment Act into law Feb. 17, 2009, NCDOT learned it would receive $838 million in federal funding - $735 million for highway and bridge improvements and $103 million for transit. The legislation requires states to obligate the first half of funding within 120 days of receipt, and the remaining half to projects within a year.The overarching goal of the ARRA is to create and sustain jobs for a wide range of industry partners throughout the state, meaning the projects ultimately selected must be diverse in size, type and geography.
***Washington- After President Obama signed into law the "State Rail Service and Infrastructure Improvement Act", Secretary Timothy Geithner, charged with overseeing operations of the bank, has worked quickly to appoint the members of the Board of Directors of the bank.
Linda Bailey, the Federal Programs Advisor of the New York City Department of Transportation, will serve as Chairman of the board of directors. She will be joined by Robert Puentes, Fellow and Director, Metropolitan Infrastructure Initiative, The Brookings Institution, Bruce Katz of the Brookings Institution, Astrid Glynn, Commissioner of the New York State DOT; Polly Trottenberg, Executive Director, Building America’s Future; Jeff Zupan, Senior Fellow, Transportation, Regional Plan Association; Mike D. Meyer, Professor, School of Civil & Environmental Engineering, Georgia Institute of Technology; Lance Grenzeback, National Freight Transportation Consultant, Cambridge, MA; Richard G. Little, Director, Keston Institute for Public Finance and Infrastructure Policy, University of Southern California; and Frank Busalacchi, Secretary, Wisconsin DOT.
***The bank will be funded by the Board of Governors of the Federal Reserve.
***Chairman Ben Bernanke will serve as a special adviser to the board of infrastructure bank.
Snip .. from above Linda Bailey - [PDF]The Road to Results File Format: PDF/Adobe Acrobat - Quick View - May 2, 2011 – and infrastructure preservation. But in several other important areas—including jobs ... develop a transportation system that reliably serves citizens every ... Growth America; Linda Bailey, federal programs advisor, New ...www.rockefellerfoundation.org/.../8818cff9-0d9a-4669-9f4f-70d0662873e5.. try http://www.rockefellerfoundation.org/
The Act ~ S01E05: H.R. 2521 – National Infrastructure Development Bank Act
