States Obligated 91 Percent of Recovery Funds

 

"We are confident that the states will have met that deadline, putting federal resources to work to create hundreds of thousands of jobs across America," said AASHTO Executive Director John Horsley.

States have obligated $23.3 billion in highway funding under the American Recovery and Reinvestment Act as of Jan. 15, according to the Federal Highway Administration. Of the 10,663 projects obligated, 1,681 have been completed and 6,893 are under contract. The report stated that $25.6 billion was made available to the states, not including the funds for federal lands projects.

Under the requirements of the recovery act, state and local governments must have obligated all their highway funding by March 2. Those that do not must return unused recovery funds to the federal government for redistribution to other states. How these funds trickle down to landscape professionals will be helpful to the industry. ?EUR??,,????'?????<