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American Recovery and Reinvestment Act Program Guide
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Temporary Assistance for States with Advances - Interest Free Loans
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| Progress Indicator |
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| Guidance Available |
Application Processes Open |
Application Processes Closed |
Award Processes Completed |
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| Federal Program Information |
| Federal Program Description |
Provides interest free UI Benefit Federal Loans to States that borrow from the Federal Government to cover Unemployment Insurance benefit payments.
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| CFDA Number |
Not Applicable |
| Assistance Type |
Direct Loans |
| ARRA Citation |
Page 329, SEC. 2004. TEMPORARY ASSISTANCE FOR STATES WITH ADVANCES. |
| ARRA Reporting |
None
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| Federal Agency |
Department of Labor |
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| NYS Information |
| NYS Program Title |
Temporary Assistance for States with Advances / Interest Free Loans |
| NYS Agency |
Department of Labor |
| Contact |
Nancy Dunphy |
| Email |
nancy.dunphy@labor.state.ny.us |
| Phone |
(518) 457-5124 |
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| Program Funding |
| National Total |
$1,100,000,000 |
| NYS Share |
Estimated $118,000,000 interest waived on loans from federal UI trust fund |
| Flow of Funds |
Funds do not flow directly to state; cost savings on interest which would otherwise be payable to federal government and assessed to businesses.
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| Deadline |
Interest free period ends 12/31/10 |
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| Awards and Outcomes |
| Website |
http://www.recovery.gov/transparency/pages/home.aspx?State=NY |
