BILL ANALYSIS
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THIRD READING
Bill No: SCR 59
Author: Cedillo (D)
Amended: As introduced
Vote: 21
WITHOUT REFERENCE TO COMMITTEE OR FILE
SUBJECT : The American Recovery and Reinvestment Act of
2009
SOURCE : Author
DIGEST : This resolution urges all state and local
government agencies, departments, offices, and other
entities responsible for the allocation and disbursement of
federal American Recovery and Reinvestment Act (ARRA) funds
for public contracts and infrastructure projects in the
state, to the extent permitted under state and federal law,
to ensure that Latino-owned and minority-owned small
businesses receive an equal share of the available federal
stimulus funds.
ANALYSIS : This resolution contains the following
legislative findings:
1.On February 17, 2009, President Barack Obama signed the
$787 billion American Recovery and Reinvestment Act of
2009 (Public Law 111-15), hereafter known as the ARRA,
for the purposes of saving jobs, creating jobs, and
getting our economy moving again.
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SCR 59
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2.Of the $787 billion provided to the states under the
ARRA, $288 billion was directed at tax relief and $499
billion for spending-related incentives, including $144
billion for state and local fiscal relief, $111 billion
for health care, $53 million for education and training,
and $43 billion for energy.
3.The federal stimulus package under ARRA emphasizes the
need for each state to boost its economy through the
initiation of a wide range of projects, recognizing the
importance of providing economic stimulus opportunities
to all sectors of the economy, including public and
private.
4.The federal government has estimated that the ARRA will
create 396,000 jobs in California, and federal stimulus
funds will be allocated to both state entities and local
government bodies.
5.The State of California, in order to promote economic
growth to all contributing sectors of the economy, needs
a comprehensive federal stimulus package that allocates a
fair share of funding by stimulating a variety of the
segments of the state's economy, so that all citizens of
all regions of the state will benefit.
6.In order for the economy to fully recover from the ground
up and rebuild small communities, it is necessary for
small businesses, especially Latino-owned and
minority-owned small business, to overcome this recession
with the help of economic stimulus funds.
FISCAL EFFECT : Fiscal Com.: No
JA:nl 9/9/09 Senate Floor Analyses
SUPPORT/OPPOSITION: NONE RECEIVED
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