Oct. 12, 2011 11:37 a.m.
Education Week's Michele McNeil provides a terrific explainer on how several states still have a lot of American Recovery and Reinvestment Act dollars to spend, even though the deadline to "obligate" them was Sept. 30.
Several states have a combined total of $2.28 billion left to use, McNeil writes. Among those states: New York, Texas, Indiana, and Arkansas.
The states are not only supposed to enter contracts by Sept. 30, but they also are expected to actually disperse the cash by Jan. 3, 2012. They can ask for an extension until March.
Then again, U.S. Department of Education officials recently encouraged states to save their cash from the Title I stimulus segment of those dollars. That amounts to $710 million.
You might want to check on your own state's status and ask whether they have contracted to spend the dollars and where they are using them.