State Fiscal Stabilization Fund (sfsf) - What Works And Innovation Fund, Recovery Act (84.396)

Program

84.396 State Fiscal Stabilization Fund (sfsf) - What Works And Innovation Fund, Recovery Act

Federal Agency

Agency: Department of Education

Authorization

American Recovery and Reinvestment Act of 2009 (ARRA), Title XIV (Public Law 111-5).

Program Number

84.396

Last Known Status

Active

Objectives

To recognize (a) local educational agencies (LEAs), or (b) partnerships between a nonprofit organization and one or more LEAs or a consortium of schools that have made significant gains in closing achievement gaps and enable them to expand their work in partnership with private organizations and the philanthropic community to identify and document best practices that can be shared and taken to scale and to serve as models for best practices.

Types of Assistance

Project Grants

Uses and Use Restrictions

Funds may be used to allow such eligible entities to expand their work and serve as models for best practices; to allow such eligible entities to work in partnership with the private sector and the philanthropic community; and to identify and document best practices that can be shared, and taken to scale based on demonstrated success.

Eligibility Requirements

Applicant Eligibility

None

Beneficiary Eligibility

None

Credentials/Documentation

No Credentials or documentation are required. This program is excluded from coverage under OMB Circular No. A-87.

Application and Award Process

Preapplication Coordination

Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.

Application Procedure

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. The Department of Education will develop an application, procedures, and criteria to award grants on a competitive basis. Contact the program office for information.

Award Procedure

The Department will make awards to eligible entities that have made significant gains in closing the achievement gap to allow such eligible entities to expand their work and serve as models for best practices; to allow such eligible entities to work in partnership with the private sector and the philanthropic community; and to identify and document best practices that can be shared, and taken to scale based on demonstrated success.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Range of Approval/Disapproval Time

The approval time will be determined when the application is developed.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program.
Matching requirements are not applicable to this program.
This program does not have MOE requirements.

Length and Time Phasing of Assistance

Awards will be made in FY 2010. See the following for information on how assistance is awarded/released: No information provided.

Post Assistance Requirements

Reports

The Comptroller General of the United States shall conduct evaluations of the What Works and Innovation Fund including criteria used for awards made, States selected for awards, award amounts, how awards were used, and impact of this funding on the progress made toward closing achievement gaps. Additional reporting requirements will be included in the grant award documents. No cash reports are required. No progress reports are required. No expenditure reports are required. No performance monitoring is required.

Audits

In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133. All grantees are subject to the provisions of the Single Audit Act, 31 U.S.C. 75, and OMB circular A-133.

Records

Each recipient must maintain records that fully disclose the total cost of the activity for which the funds are used, the share of the cost provided from other sources, and other such records as will facilitate an effective financial or programmatic audit. The recipient shall maintain such records for three years after the completion of the activity for which funds are used.

Program Accomplishments

Not Applicable.

Financial Information

Account Identification

91-1909-0-1-501.

Obligations

(Project Grants) FY 08 $0; FY 09 est $650,000,000; FY 10 est $100,000,000 - Funds are expected to be obligated in FY 2010.

Range and Average of Financial Assistance

To be determined.

Regulations, Guidelines and Literature

ED will issue guidance for this program. Contact the program office for information.

Related Programs

Not Applicable.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Margo Anderson, Office of Elementary and Secondary Education, Department of Education, 400 Maryland Ave., SW, Washington, District of Columbia 20202 Email: margo.anderson@ed.gov Phone: (202) 205-3010.

Web Site Address

http://Www.State.Fiscal.Fund@ed.gov

Examples of Funded Projects

Not Applicable.

Criteria for Selecting Proposals

Criteria will be contained in the program guidance.