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Construction companies and technology firms should already be trackint upcoming projectsof interest. The fundintg will flow to local communities throughg a varietyof sources, including stimulus local bond initiatives, disaster recovery programsd and non-stimulus grants. The influsx of dollars will result in thousandsd of opportunities to builxdnew facilities, renovate and modernize existin buildings, upgrade and enhance existing technology and providee infrastructure improvements.
New and newly renovated facilities will also requireupgraded security, furniture, fixtures and Despite all the talk surrounding the Americabn Recovery and Reinvestment Act, most of the funds have not yet started flowing. A recent report stated that less than 6 percent of the total funding has been released by thefederao government. Watch for Texas school districtws to receive large chunks of the Some school districts already have authorizationb tobegin spending, but most of the activity is stilo a month or so away.
This summer, the Texas Education Agency will open an application periof forthe $4 billion State Fiscal Stabilization Fund — one of the largest federal stimulus programs. The stabilization fund is wrappeds around grant programs and the money can be used by districtsz for a variety of purposes such as the modernizing ofschook facilities, upgrading technology infrastructure, purchasing technology building science labs, buying educatiob equipment and redesigning high schools for more efficiencgy and student success. In the fall, an additional $60 millio n will be made available to Texas school districtas through a funding source known asthe Ed-Tech grant program.
This program fundes the purchase of technologty to improvestudent achievement. Districte may also use the funds to buy technologuy to help withthe collection, managementf and analysis of student data. The Texass Water Development Board will get a large sharew of the stimulus Becauseof that, the agency has receivefd $10.7 billion in funding requests for clean water and drinkingf water infrastructure projects. Eligible applicants will be notifiexd of their allocations in June and July and entitie should begin advertising for bids on the constructioj projectsby September. Texas was appropriated about $2.6 billion in stimulusw funds fortransportation projects.
Some biddingt processes have already but the process will be ramping upfor months. Althougj details are still pending, the ARRA also provides funding for improviny broadband in rural and urban Depending on how the money is allocated in there is a potential for billions of dollars to flow tolocalp communities. And, in spite of the weak Texas voters approved morethan $1.3 billion in locapl bond elections on May 9. The approved funding will financer capital improvement projects such as new andrenovated facilities, large equipment purchases and improvef infrastructure such as parks and drainage.
• Collegse Station Independent School District: $144 million for a new high schoolo campus, new elementary school campus, new transportation renovations to the existing high school and the purchaseof • Carroll Independent School District: $138 million for new schools, expansionm of existing schools and an overhaup of technology infrastructure. • City of Plano: $128.6 millioh for capital improvement program projectsz forpublic safety, libraries, park improvements, recreatiobn center improvements, street improvements and a technology servicee facility. • Allen Independentr School District: $119.
4 million for a new athletic highschool auditorium, transportation maintenance and student nutrition center. Midland County Hospital District: $115 millionn for facility improvements to Midland Memorial Hospital including a new patient towerwith 240-pluws beds, expanded emergency facilities and more telemetry Even more funding will make its way to Texasx in the form of non-stimulus grants to schooo districts. A bill approved earlier this monthh bythe U.S. House of Representatives woulds provide Texas school districts withabouyt $600 million to modernize schoolsa and improve energy efficiency.
In the bill includes $600 million in separate fundd for public schools damaged by Hurricanex Katrinaand Rita. The programs discussed here represenft only a few of the sources of federaklstimulus funding. There are many otheer programs that will provide funding for airportimprovemenft projects, port security, transit programs, improved securitty and more. Government contractors should be lovingv life in Texasthese
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