OVERVIEW
The American Recovery and Reinvestment Act of 2009 (Recovery Act) was signed into law by President Obama on February 17th, 2009. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century. The Act is an extraordinary response to a crisis unlike any since the Great Depression, and includes measures to modernize our nation’s infrastructure, enhance energy independence, expand educational opportunities, preserve and improve affordable health care, provide tax relief, and protect those in greatest need.
For the full legislation, click here.
It is expected that all Recovery Act funds need to be obligated by DOE into LBNL’s contract by September 30, 2010. LBNL has five years from the date of obligation—or September 30, 2015—to spend the funds.
For a full copy of the LBNL Stimulus Projects Management Plan, click here.