Update: The General Services Administration has posted the stimulus plan on its Recovery Act website. The 13-page plan can be accessed here.
Original post: The General Services Administration just announced that it’s decided how it will spend the $5.5 billion in stimulus funds it received.
Congress directed that $4.5 billion go toward converting federal buidlings to high-performance green facilities. Another $750 million is available for building and renovating federal buildings and courthouses, and $300 million must be directed to renovating and constructing land ports of entry.
GSA said it’s selected projects based on the speed at which jobs can be created and hwo much added energy efficiency can be gained. GSA intends to award $1 billion in projects within 120 days and the rest of the work in the next two years, according to a press release issued this afternoon.
Money will be spread out across the country, and every state should see at least one GSA-funded stimulus project, the agency said.
GSA said a detailed plan has been submitted to Congress, several days ahead of the April 2 deadline required by law. We’ll have more details in coming days.
Tags: Economic Stimulus
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