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Thursday, January 29, 2009

Anticipating Stimulus Money for Campus Projects, Colleges Get 'Shovel Ready'

Scott Carlson, of The Chronicle of Higher Education, recently wrote a must-read article about the stimulus package, and he's arranged for SCUPers to have an unprotected link to read it. Thanks, Scott.
The billions of dollars in the bill before Congress would be distributed through the Department of Energy and through state higher-education agencies, in the form of grants and loans. Of the $7-billion, at least $2.5-billion would go toward energy-efficiency projects certified by programs like Leadership in Energy and Environmental Design, or LEED. (The legislation also includes $500-million for training in green jobs.)

In awarding the money to institutions, the bill's language specifies, state higher-education agencies should give preference to colleges that serve large numbers of minority students, have been hit by a natural disaster, or are planning energy-efficiency projects. The money should not go to new construction, sports facilities, or facilities used for religious worship or divinity schools.

The language or the amounts in the bill could change as Congress debates the stimulus measure, which legislators are expected to make final within the next few weeks. For now, colleges are preparing lists of projects that are "shovel ready," should the money roll down from Washington. The bill includes "use it or lose it" requirements: At least half of the money would have to be spent within a year of the measure's being enacted, and the rest within two years.

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