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Agenda Package - 10-12-09 Jt. Meeting
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Agenda Package - 10-12-09 Jt. Meeting
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11/6/2009 8:20:25 AM
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Board of Commissioners
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0I <br />released by the United States Bureau of Labor Statistics. See generally <br />http://www-bls.gov/lau/home.htm. <br />Section 14000-1(a)(3)(A) provides generally that each State with respect to <br />which an allocation is made under 14000-1(a)(1) is required, without discretion, to <br />reallocate such allocation among the counties and large municipalities in such State in <br />the proportion that each county's or municipality's 2008 employment decline bears to <br />the aggregate of the 2008 employment declines for all the counties and municipalities in <br />such State. For purposes of § 14000-1(a)(3)(A), the term "large municipality" means a <br />municipality with a population of more than 100,000. For purposes of determining the <br />local employment decline under § 14000-1(a)(3), the employment decline of any county <br />or large municipality is determined in the same manner as the determination of the <br />State employment decline under 14000-1(a)(2), except that in the case of a municipality <br />any portion of which is in a county, such portion is treated as part of such municipality <br />and not as part of such county. <br />.03. STATE ALLOCATIONS OF RECOVERY ZONE BOND VOLUME CAP <br />Pursuant to § 14000-1(a), the $10 billion national volume cap for Recovery Zone <br />Economic Development Bonds and the $15 billion national volume cap for Recovery <br />Zone Facility Bonds under 14000-2 and 14000-3, respectively, are allocated among <br />the States as follows: <br />State <br />Recovery Zone Economic <br />Recovery Zone Facility Bond <br />Development Bond <br />Allocations (in dollars) <br />Allocations (in dollars) <br />Alabama <br />244,676,000 <br />367,014,000 <br />Alaska <br />90,000,000 <br />135,000,000 <br />Arizona <br />90, 000, 000 <br />135, 000, 000 <br />Arkansas <br />90,000,000 <br />135,000,000 <br />16 <br />
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