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It has been over two years since the completion of the first construction project funded through the American Recovery and Reinvestment Act (“Recovery Act”). In July 2009, the Indianapolis Executive Airport’s runway was reconstructed at a cost of approximately $3.4 million. As of June 30, 2011, Indiana is set to receive more than $4.5 billion in Recovery Act funding. Of this amount, Indiana has already received $3,258,419,927. So how has our share been allocated and spent?
Before detailing how Recovery Act funds were dispersed in Indiana and in order to bring context to these dollar amounts, it is helpful to review the overall nation-wide distribution of all Recovery Act funds. Recovery Act funding is broken down into three basic categories: (1) Tax Benefits; (2) Contracts, Grants & Loans; and (3) Entitlements.
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C. Michael Shull, III focuses his practice on construction law and litigation. Michael's client representations range from casinos and ENR Top 400 contractors to design firms and subcontractors.