The reason this occurred is because North Carolina legislature meets twice a year. Their first contact with the Stimulus Monies was January of 2010. This was more than likely not submitted until the May session and now the process is finally delivering monies to the NC Treasury. THEN the monies have to be distributed within North Carolina infrastructure and considering these funds are to MODERNIZE their infrastructure the USA economy won't see any uptick from these funds until next year or later.
Yesterday is a mistake the entire country is going to regret in two years. As of today Mr. Boner and the Tea Party OWN every job loss.
ETA News Release: [11/03/2010]Contact Name: Lina Garcia or Mike Trupo
Phone Number: (202) 693-4661 or x3414
Release Number: 10-1524-ATL
Phone Number: (202) 693-4661 or x3414
Release Number: 10-1524-ATL
US Labor Department announces release of $205.1 million in unemployment insurance modernization incentive funds to North Carolina
WASHINGTON — The U.S. Department of Labor has certified for release $205,063,552 in unemployment insurance modernization incentive funds to the state of North Carolina. North Carolina qualified for its full share of the funds available under the American Recovery and Reinvestment Act by providing for a variety of provisions that assist recent entrants to the workforce, part-time workers and workers who become unemployed because of compelling family reasons."I am pleased to announce that North Carolina has made important updates to its UI program to better meet the needs of the modern workforce," said Secretary of Labor Hilda L. Solis. "North Carolina has strengthened its economic safety net by helping to broaden coverage to deserving workers who previously did not qualify for benefits."
The Employment Security Commission of North Carolina can use the funds to pay unemployment benefits or, if appropriated by the legislature, for administering its unemployment insurance program or delivering employment services.
