Putting our stimulus money in danger?

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by David Safier
According to ASU News:

Although this budget is intended to remain in compliance with the qualifications for federal stimulus funds under the American Recovery and Reinvestment Act of 2009 (ARRA), the result of such fund seizures – along with a rollover of $100 million in university funding from the fiscal year 2009 to fiscal year 2011 budget – would be to disqualify the state from education stimulus money.  The disqualification would be triggered by the ARRA’s “maintenance of effort” requirement.

The funds in question are not state-appropriated funds, but rather were generated by the universities from non-state sources, such as student payments for textbooks and campus housing. Consequently, ASU officials do not believe that it is legal for the state to sweep accounts of non-state money.

The article says this could result in Arizona losing almost $1 billion in stim money.

This kind of thing is way above my pay grade, but AZBlueMeanie tells me Brewer hasn't applied for all the stimulus funds because we don't have a budget, and it may be that highway robbery sweeps of this kind could mean we lose some of the fed money we're counting on to balance the budget.

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