Does ARRA funding impose special requirements for Metro?
Yes, in addition to normal Federal grant requirements, ARRA grants
- Have to be spent very quickly for maximum immediate impact on the economy
- Are short term – funds will last no longer than 2-3 years
- Must be segregated from any other funds used by Metro departments
- Require frequent, detailed reports on grant results, such as number of jobs created or preserved
Any Metro department receiving ARRA funds needs to be prepared for these requirements.