FY2013 - FY2017 Capital Investment Plan
Report - American Recovery and Reinvestment Act of 2009

Closely aligned with Governor Patrick’s priorities and initiatives, the federal American Recovery and Reinvestment Act of 2009 (ARRA) was enacted to preserve and create jobs and promote economic recovery; to assist those most impacted by the recession; to provide investments needed to increase economic efficiency by spurring technological advances in science and health; to invest in transportation, environmental protection and other infrastructure that will provide long-term benefits; and to stabilize state and local government budgets.

The Recovery Act has given Massachusetts the ability to fund $7.5 billion in awards for projects throughout the Commonwealth. ARRA contributed to Governor Patrick’s job creation priority by putting 96,841 individuals to work on ARRA-funded projects since February 17, 2009. While significant ARRA funds have been critical in supporting state and local operating budgets, preserving healthcare, education and other vital safety net services, the Commonwealth also targeted ARRA funds for infrastructure investments which supplemented the Commonwealth’s fiscal years 2009 through 2012 capital budgets. Committed ARRA capital program funds for the Commonwealth included:

In addition to directly funding capital projects, ARRA also provided for the use of new or expanded tax credit bonds as alternative means of financing projects that are typically financed with traditional tax-exempt bonds issued by state and local governments.  The Commonwealth created robust programs under the Recovery Zone Bonds, Clean Renewable Energy Bonds, Qualified School Construction Bonds and Qualified Energy Conservation Bonds programs and selectively used these programs when they provided a clear economic advantage over traditional tax-exempt bond financings.