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FINANCIAL ASSISTANCE FUNDING OPPORTUNITY ANNOUNCEMENT. S. Department of Energy Golden Field OfficeRecovery Act: Development of Algal / Advanced Biofuels Consortia Funding Opportunity Announcement
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The Recovery Act, formally known as the American Recovery and Reinvestment Act of 2009, was legislation aimed at stimulating the economy in response to the Great Recession. It provided funding for various sectors, aiming to create jobs and promote economic recovery.
Entities that received federal funds under the Recovery Act, including state and local governments, nonprofit organizations, and private sector businesses that were awarded grants or contracts, are required to file the necessary reports.
Eligible entities must gather relevant financial and performance data related to their use of Recovery Act funds. They should complete the required reporting forms by entering accurate information regarding expenditures, jobs created, and the impact of the funding, following the guidance provided by the federal agency overseeing the grants.
The purpose of the Recovery Act is to stimulate economic growth, create and save jobs, and assist in the recovery of the economy through public and private investment in various sectors, including infrastructure, education, and energy.
Entities must report information including the total amount of federal funds received, the amount expended, jobs created or retained, project descriptions, and the associated outcomes of projects funded by the Recovery Act.
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