American Recovery and Reinvestment Act of 2009 (ARRA) Federal Stimulus Funding Accounting Policy for the State of Texas
Issued: April 13, 2009
Updated: Dec. 9, 2011 – View Changes
State agencies and institutions of higher education.
State agencies and institutions of higher education must follow the federal accountability and transparency standards and Comptroller’s office guidelines for recording, tracking and reporting of ARRA funds.
Any agency or institution receiving ARRA funds must use Appropriated Fund 0369 unless otherwise exempted.
The grant information and project information is optional, but may be used to provide additional detail via the Uniform Statewide Accounting System (USAS) or external systems.
Note: The Office of Management and Budget (OMB) has issued Memorandum M-11-34: “Accelerating Spending of Remaining Funds from the American Recovery and Reinvestment Act for Discretionary Grant Programs” . This guidance outlines important deadlines:
- Subject to certain exceptions, federal agencies were directed to:
- establish aggressive targets, consistent with programmatic objectives, for spending remaining funds and
- complete discretionary grant programs (including formula grant programs that received discretionary funding) by Sept. 30, 2013.
- After that deadline, OMB directed federal agencies to reclaim funds to the extent permitted by law.
- Federal agencies must submit waiver requests by Sept. 30, 2012, for discretionary grant funds where contractual commitments, complex environmental review, long-term program design or other special circumstances prevent adjusting the timeline. Waivers will be granted only due to compelling legal, policy or operational challenges.
Please contact your cognizant federal agency if you have questions about the 2013 deadline to complete projects.
|Changes to this Document|
|12/09/2011||Added notebox on 2013 deadline for the completion of projects.|
|06/10/2010||Added requirement that ETVs be marked confidential and clarified Comptroller Transparency Reporting.|