FFIS Reports

Issue Brief 09-20 ARRA Provides New, Expanded Bonding Authority, May 20, 2009

Agency Announcements

August 16, 2010: Treasury Releases Updated ARRA Data Report Treasury recently released their latest Treasury Recovery Act Data report, which includes data as of July 31, 2010.  Click here to access the report:

June 10, 2010: Treasury Releases Latest ARRA Data Report The Department of the Treasury recently released a report detailing state-by-state spending for all Treasury-administered ARRA programs during the first quarter of 2010. Click here to see the report:

March 17, 2010: Treasury and Education Announce 2010 School Bond Allocation The Department of the Treasury and the Department of Education (ED) announced $11 billion in allocation authority to issue qualified school construction bonds under ARRA. Qualified school construction bonds can be used to finance the construction, rehabilitation, or repair of a public school facility or for the acquisition of land where a school will be built. Click here for additional details:

March 10, 2010: DOE and Treasury Announce Guidance for Tax Treatment of Smart Grid Investment Grants The Department of Energy (DOE) and the Department of the Treasury announced new guidance on the tax treatment for ARRA funding under the $3.4 billion Smart Grid Investment Grant program. For more information, click here:

December 22, 2009: Treasury Surpasses $4 Billion in ARRA Funds Awarded to State Housing Authorities The Department of the Treasury announced that more than $4 billion in ARRA funds have been awarded to state and territorial housing authorities. These authorities have received payments in lieu of tax credits to stimulate the construction and completion of affordable housing projects. Click here to view the awards:

October 27, 2009: CREBs Allocation The Department of the Treasury announced the allocation of $2.2 billion in Clean Renewable Energy Bonds (CREBs) for 805 recipients across the country. Funded by the Energy Improvement and Extension Act of 2008 and the Recovery Act, these bonds are intended to help government agencies, public power providers, and cooperative electric companies obtain lower-cost financing for clean energy development projects. For more information, see:

June 12, 2009: $25 Billion Available for Recovery Zone Bonds The  Department of the Treasury has announced the availability of $25 billion for the Recovery Zone Bonds program. The press release and state allocations can be found at:

May 27, 2009: New Markets Tax Credit Treasury Secretary Tim Geithner announced $1.5 billion in New Markets Tax Credit (NMTC) awards for 32 organizations throughout the country. The 32 organizations receiving awards have identified principal service areas covering 33 states, the District of Columbia, and Puerto Rico. The NMTC program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a credit against federal income taxes for making qualified equity investments in investment vehicles known as Community Development Entities (CDEs). The following link lists the organizations selected for awards and additional information on the NMTC program:

Recovery Plan The Department of the Treasury has released its agency-wide recovery plan: Agency Plan 05_15_2009 Department of the Treasury.pdf