State Fiscal Stabilization Fund
Thanks to all who participated in ODE’s April 17th Stimulus Implementation Webinar. Since Friday, we’ve received many questions regarding the $115.4 SFSF payment and whether or not it can be considered additional money. |
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April 1, 2009 Dear Governor:
Congress passed and the President signed the American Recovery and Reinvestment Act (ARRA) to create jobs in the short run and make needed investments for the long term. And no investment is more important than education. As the President said recently, “Economic progress and educational achievement have always gone hand in hand in America.” That is why this sweeping economic recovery package provides the largest one-time Federal investment in education in our nation’s history, more than $100 billion to help save and create teaching jobs, preserve needed learning programs, and increase college access. At the same time, the ARRA lays a foundation to reform America’s schools, invest in proven solutions to help our students succeed, and cultivate a new culture of accountability for teaching and learning.
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Funds from State Fiscal Stabilization Fund in Division A of the American Recovery and Reinvestment Act of 2009 (ARRA) may be used "for modernization, renovation, or repair of public school facilities and institutions of higher education facilities" [page 166, Sec. 14002(b)]. The School Construction Tax Credits in Division B of the ARRA ― also cited as the American Recovery and Reinvestment Tax Act of 2009 (ARRTA) ― may be used for "the construction, rehabilitation, or repair of a public school facility, or for the acquisition of land on which such a facility is to be constructed" [page 166, Sec. 14002(b)]. |
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State of Oregon Approved Phase I Application |
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Council of Chief State School Officers (CCSSO) Response to ED’s Race to the Top and State Fiscal Stabilization Fund Notices On August 28, ED closed the public comment period for response to the proposed priorities, requirements, definitions, and selection criteria for the $4.35 billion Race to the Top Fund (RTTT) and the remaining State Fiscal Stabilization Fund, Phase II (SFSF). The RTTT notice outlined ED’s vision for $4 billion of the fund, while the remaining $350 million of RTTT set aside for assessments will be part of a later competition with more information to come. CCSSO filed comments in response to both notices. To view the final comments submitted for SFSF, click here |
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Below please find the email and attached forms for Oregon school districts to apply for the first round of federal State Fiscal Stabilization Funds. ODE is requesting that the completed application be returned to the Department by May 11th. The May 1 SFSF Application Overview Webinar is also available here: OVERVIEW, May 1 |
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2008-09 SFSF DISTRICT ALLOCATIONS ARE ATTACHED AS A WORD DOCUMENT BELOW |
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The Legislature is using $115.4 million in federal stabilization funds for K-12 but it is all in the State School Fund. Here's the breakdown of school funding, by fund source and by "program". |
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The State Fiscal Stabilization Fund (SFSF) program is a new one-time appropriation of |
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PART III — TAX CREDIT BONDS FOR SCHOOLS SEC. 1521. QUALIFIED SCHOOL CONSTRUCTION BONDS.
'SEC. 54F QUALIFIED SCHOOL CONSTRUCTION BONDS. |
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