Charlie Crist, Governor Don Winstead, Special Advisor The American Recovery and Reinvestment Act of 2009 MFMP Vendors November 5,

2 The American Recovery and Reinvestment Act of 2009 Purposes (1) To preserve and create jobs and promote economic recovery. (2) To assist those most impacted by the recession. (3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health. (4) To invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits. (5) To stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive State and local tax increases. 2

3 What ARRA Does Provides direct assistance and benefits to Floridians through existing programs and tax incentives Provides some assistance to state governments to fill budget deficits Provides additional state funding through a number of existing state administered programs Provides direct funding opportunities for local communities 3

4 What ARRA Doesn’t Do Does not directly provide seed or venture capital to entrepreneurs or start up businesses Does not generally include discretionary dollars for the Governor to allocate to projects Does not fill all of the budget deficit Florida is facing Does not allocate funding to states in a one-time payment. Funding opportunities are staggered throughout a three- year period and are distributed in various ways, depending on the program. Does not include one deadline for applications for all programs. Each funding program has its own timetable. 4

5 How Recovery Act Funds Flow 5 Federal Agencies State Legislature State Agencies Local Government Community Agencies & Businesses Floridians

6 Funding Summary Florida 6 Funding Type Amount ($billions) Funding through state agencies: Funding through the Appropriations Act $ Funding involving State Agencies not flowing through the Appropriations Act $3.087 Subtotal $ Additional funding from federal agencies to other entities in Florida ( including cities, counties, military construction, etc. ) $1.252 Total Estimated Stimulus Funding $ Estimated additional impact of tax changes for Floridians $9.853

7 Funding from Recovery Act Over $14.1 Billion Funding from Recovery Act Over $14.1 Billion Does not include most competitive grants or funds directly to local government 7 Note: fiscal year amounts may change during appropriations process $3. 6 B $392.5 M $4.37 B $205.1 M $1.88 B $33 M $86 M $3.1 B * FMAP is the Federal Medicaid Assistance Percentage (the percentage of federal matching funds) $ M

8 Competitive Grants The Recovery Act contains approximately $85 billion in funds that will be awarded competitively by Federal agencies. To find competitive grants – Check the “Documents” link on FlaRecovery.com.FlaRecovery.com – Register with grants.gov and check that site often.grants.gov – Register with FBO.gov (Federal Business Opportunities) and check that site oftenFBO.gov For State competitive opportunities, register and check the vendor link at MyFloridaMarketplace.comMyFloridaMarketplace 8 Download the “Funding Guide” document from FlaRecovery.com for more tips.

9 Examples Examples Competitive and Grant Funding Broadband (NTIA $4.7 B, USDA/RUS $2.5 B available) Smart Grid Investment ($267 million to FL, 8 projects) Airports ($71 M to FL to date) Weatherization ($176 M in FL) High-Speed Rail - $2.6+ B applied for Transportation - $1.4 B, should be over 700 projects in FL NTIA - National Telecommunications and Information Administration (Commerce) RUS - Rural Utilities Service (Agriculture)

10 Examples Examples Competitive and Grant Funding Wastewater, Storm Water and Drinking Water systems ($220 million in FL) State Energy Program & related programs - $150+ M Health Information Technology ($2+ B) – State competitive procurement for exchange system in 2010 – Funding to providers for electronic health systems Workforce programs – training, unemployment compensation, childcare

11 Documents include copies of the law, detailed lists of projects, helpful guides on applying for funds, official certifications, information on federal competitive grant announcements, and many other resources. FlaRecovery.com

12 Small Business Administration Recovery Act Provisions Temporary elimination of loan fees Higher loan guarantees Secondary market liquidity for Section 7(a) loans New small business loan program (ARC Stabilization Loans) Increase availability of micro-loans Surety bond program expansion Secondary market for first mortgages associated with Section 504 CDC loans Expanded refinancing project for Section 504 loans Increase the availability of equity capital (SBIC program expansion) 12 More information at

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14 Tax Provisions Tax relief for Individuals and Families Tax incentives for Business Manufacturing Recovery Provisions Economic Recovery Tools Infrastructure Financing Tools Reinvestment in Renewable Energy 14 Comprehensive list of tax provisions available at:

15 19 page summary of tax provisions compiled by the U.S. Congress, House Ways & Means Committee and the Senate Finance Committee Tax Provisions

16 Grants.gov Recovery Act Grant Opportunities

17 FBO.gov

18 MyFloridaMarketPlace.com

19 MyFloridaMarketPlace.com

20 Accountability and Transparency Transparency and Oversight Requirements – Certifications for infrastructure investments – Reporting requirements on all recipients of funds (other than individuals) – Review by CBO and GAO – Reviews by Federal Inspectors General Recovery Accountability and Transparency Board Recovery Independent Advisory Panel 20

Additional Accountability and Transparency Requirements PROTECTING STATE AND LOCAL GOVERNMENT AND CONTRACTOR WHISTLEBLOWERS. SPECIAL CONTRACTING PROVISIONS. To the maximum extent possible, contracts funded under this Act shall be awarded as fixed- price contracts through the use of competitive procedures. A summary of any contract awarded with such funds that is not fixed-price and not awarded using competitive procedures shall be posted in a special section of the website established in section PREFERENCE FOR QUICK-START ACTIVITIES PERIOD OF AVAILABILITY All funds appropriated in this Act shall remain available for obligation until September 30, 2010, unless expressly provided otherwise in this Act. LIMIT ON FUNDS None of the funds appropriated or otherwise made available in this Act may be used by any State or local government, or any private entity, for any casino or other gambling establishment, aquarium, zoo, golf course, or swimming pool. BUY AMERICAN - USE OF AMERICAN IRON, STEEL, AND MANUFACTURED GOODS. WAGE RATE REQUIREMENTS Laborers and mechanics shall be paid prevailing wages consistent with the Davis-Bacon Act. 21

22 Reporting Requirements RECIPIENT REPORTS.—Not later than 10 days after the end of each calendar quarter, each recipient that received recovery funds from a Federal agency shall submit a report to that agency that contains— (1) the total amount of recovery funds received from that agency; (2) the amount of recovery funds received that were expended or obligated to projects or activities; and (3) a detailed list of all projects or activities for which recovery funds were expended or obligated, including— (A) the name of the project or activity; (B) a description of the project or activity; (C) an evaluation of the completion status of the project or activity; (D) an estimate of the number of jobs created and the number of jobs retained by the project or activity; and (E) for infrastructure investments made by State and local governments, the purpose, total cost, and rationale of the agency for funding the infrastructure investment with funds made available under this Act, and name of the person to contact at the agency if there are concerns with the infrastructure investment. (4) Detailed information on any subcontracts or subgrants awarded by the recipient to include the data elements required to comply with the Federal Funding Accountability and Transparency Act of

23 GAO Oversight The U.S. Government Accountability Office (GAO) has been given oversight responsibility by the Congress. GAO has selected 16 States, including Florida, for special focus during implementation of the Recovery Act. Reports are issued bimonthly and available at

Chief Inspector General Section 14.32, Florida Statutes Oversees Accountability Efforts for Governor Coordinating with Team of Agency Inspectors General, Auditor General and other key accountability officials such as Chief Financial Officer 24