Environmental and Energy Funding Provisions at the Forefront of Initial Draft of House Stimulus Package
The Appropriations Committee of the U.S. House of Representatives released a summary outlining key provisions of the "American Recovery and Reinvestment Act of 2009," an $825 billion fiscal recovery package aimed at stimulating economic recovery. The proposed stimulus package places special emphasis on environmental cleanup and energy development programs to stimulate national economic growth. Although the stimulus package will be subject to extensive negotiation and revision between House and Senate leaders and the incoming Obama administration, this initial draft provides a key roadmap indicating that Congress is placing a major priority on environmental and energy programs in the context of jump-starting the economy.
Manko, Gold, Katcher & Fox, LLP attorneys and consultants will continue to work closely with our federal, state and local legislative and executive contacts to monitor the status of the stimulus package and the availability of potential funding opportunities for our clients. Additional updates and analysis will be made available to our clients as work on the stimulus package progresses. For a list of specific Environmental and Energy Programs, please click here.