© 2009, Ice Miller LLP
Impact	Change	Guidelines Under Stimulus Package	Contact
Education			Jane Herndon - jane.herndon@icemiller.com
Achievement Gaps	Funding of $13 billion	Earmarked for state programs designed to close achievement gaps.
Special Education Programs	Funding of $12.2 billion	Allocated to state programs for special education.
Financial Aid	Over $16 billion of additional funding	Federal funds to be used for financial aid packages for college students and federal grants.
Tax Credit Bonds	Up to $9.9 billion in bonds	Funding to be used for land acquisition for, or construction, rehabilitation or repair of, public school facilities.
Qualified Zone Academy Bonds	$1 billion of additional funding	Will be available to state and local authorities for public schools located in empowerment zones designed to cooperate with businesses to increase graduation and employment rates.