banner

Recovery Facts

  • President Obama signed the $790.1 billion American Recovery and Reinvestment Act of 2009 bill (H.R. 1) into law (Public Law 111-5) Tuesday, Feb. 17, 2009.
  • Formula funds for highways and transit must be apportioned to the states within 21 days of enactment (Tuesday, March 10, 2009). States have 120 days from the apportionment date to obligate the first half of their highway funding and one year from the apportionment date to obligate the remaining funds.
  • The Recovery Act appropriated a total of $27.5 billion for restoring, repairing, constructing highways, and other highway activities, and for passenger and freight rail transportation, and port infrastructure projects.
  • Iowa’s highway formula funding in the Recovery Act is $358,162,000.
  • $6.9 billion was appropriated for transit capital assistance grants. All funds have a 100 percent federal share and require no state or local matching funds.
  • Iowa is expected to receive a formula apportionment of $36,483,617 under the Transit Capital Assistance program, with $21,327,211 allocated under the 5307 urban formula and $15,156,406 under the 5311 rural formula.
  • $1.1 billion was appropriated for the federal Airport Improvement Program for discretionary grants awarded through the Federal Aviation Administration.
  • Congress authorized $1.5 billion for the awarding of discretionary surface transportation grants to be given out the Secretary of Transportation. This is a new program is multimodal. The Secretary can select projects for highways, bridges, mass transit, passenger or freight rail, and port infrastructure, or some combination thereof, at a federal cost share of 100 percent.
  • Congress appropriated to the Federal Railroad Administration $8 billion for the agency’s Capital Assistance for High Speed Rail Corridors and Intercity Passenger Rail Service program to make discretionary grants to states for capital costs.