The Jobs for Main Street Act signed into law today after it passed the Senate. These funds are the remaining unspent bank bailout fund program passed during the Bush Administration in the fall of 2008.
Calaveras County applied for an award to fix several roads with serious safety concerns. We will soon see if the award is made.
The Jobs for Main Street Act is:
Transportation
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- $27.5 billion to make additional highway infrastructure investments
- $8.4 billion for public transportation investments
- $800 million for capital grants for Amtrak
- $500 million for airport improvement projects
- Energy and Water
- $2 billion for the Innovative Technology Loan Guarantee Program
- $1 billion for the Clean Water State Revolving Fund
- $1 billion for the Safe Drinking Water State Revolving Fund
- $715 million for environmental restoration and flood protection by the Corps of Engineers
- Education
- $4.1 billion for school renovation grants
- $23 billion for an Education Jobs Funds for states (through the ARRA fiscal stabilization fund)
- Housing
- $1 billion for the National Housing Trust Fund
- $1 billion for the Public Housing Capital Fund
- Labor and Workforce
- $41 billion to extend expanded unemployment benefits
- $1.18 billion for law enforcement jobs (primarily COPS program)
- $750 million for grants for job training in high growth fields
- $500 million for summer youth employment
- $354 million for small business loans
- Medicaid and Other Health Provisions
- $23.5 billion to extend enhanced federal Medicaid match funds through June 2010
- $12.3 billion to extend from 9 to 15 months the 65% COBRA insurance subsidy; the job lost eligibility date is extended to June 30, 2010
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