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GAO-10-329R 1 (2009-12-23)

handle is hein.gao/gaobadwzm0001 and id is 1 raw text is: I GA0 LV.WX11M§= Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 B-319151 December 23, 2009 The Honorable Tom Harkin Chairman The Honorable Michael B. Enzi Ranking Minority Member Committee on Health, Education, Labor, and Pensions United States Senate The Honorable George Miller Chairman The Honorable John Kline Ranking Minority Member Committee on Education and Labor House of Representatives Subject: Department of Education: State Fiscal Stabilization Fund Program Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Department of Education (Education), entitled State Fiscal Stabilization Fund Program (RIN: 1810-AB04). We received the rule on December 10, 2009. It was published in the Federal Register as final requirements, definitions, and approval criteria on November 12, 2009, with an effective date of January 11, 2010. 74 Fed. Reg. 58,436. The final rule establishes requirements, definitions, and approval criteria for the State Fiscal Stabilization Fund (Stabilization or SFSF) program. The purpose of the Stabilization program, a grant created under the American Recovery and Reinvestment Act of 2009 (ARRA), is to provide approximately $48.6 billion in formula grants to states to help stabilize state and local budgets in order to minimize and avoid reductions in education and other essential services, in exchange for a state's commitment to advance essential education reform in key areas. Education may use one or more of these requirements, definitions, and approval criteria, which are based on grantees' education assurances regarding reform, in awarding funds under this program in fiscal year (FY) 2010. Education is taking this action to specify the data and information that grantees must collect and publicly report with respect to those assurances and to help ensure grantees' ability to collect and publicly report the required data and information. GAO-10-329R

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