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Thursday, May 28, 2009

Iowa Independent: Majority of Iowa's federal stimulus money apportioned

Excerpted from this post at Iowa Independent

More than half of the nearly $445 million headed to Iowa as part of
the federal stimulus package has been assigned to projects, according
to a report issued by the U.S. House Transportation and Infrastructure
Committee. Of the money allocated, all of it comes from the portion
directed towards highway infrastructure projects. Iowa is set to
receive $358 million and has already obligated $226.6 million, a
little more than 63 percent. "Obligated" funds are projects that have
been given federal authority to go forward. There are 155 projects out
to bid, 59 projects currently under contract and 20 projects already
underway, the report said.

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Mike Schramm
Andy Szal

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