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- W779988876 abstract "This article describes how there is no more American Recovery and Reinvestment Act (ARRA) funds for new projects (but payouts are still going). It describes how all of the $27 billion in Stimulus dollars destined for highways has been obligated but billions still have to find their way to contractors. The Stimulus legislation of the ARRA required that all highway improvement funds be obligated by September 30 of 2010. According to Federal Highway Administration (FHWA) data, nearly every state met that requirement. And only one state, California, gave back Stimulus money, with $1.67 million of it redistributed to Arizona, Michigan, New York and South Carolina according to the American Road and Transportation Builders Association (ARTBA) analysis of that data. With the deadline passed, states can’t obligate ARRA funds for new projects or transfer funds among projects. Any funds not obligated must now be returned to FHWA. If a Stimulus project runs over budget, the state can ask FHWA for more ARRA funds. But if approved, those funds have to come from another in-state project, which of course has to have its funds cut to provide the transfer. But as ARTBA points out that the over-budgeted existing project must experience a legitimate cost increase that is not related to a disputed contract claim or an increase under an escalation clause." @default.
- W779988876 created "2016-06-24" @default.
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- W779988876 date "2010-12-01" @default.
- W779988876 modified "2023-09-23" @default.
- W779988876 title "The Stimulus Runs Dry" @default.
- W779988876 hasPublicationYear "2010" @default.
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