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The American Recovery and Reinvestment Act (ARRA) of 2009 is commonly known as the Recovery Act. The objectives of the Act are:
1. to create new jobs and save existing ones;
2. to encourage economic activity and invest in long-term growth; and
3. to foster unprecedented levels of accountability and transparency in government spending.
The provisions of the Act intends:
1. to assist those most impacted by the recession;
2. to invest in transportation, environmental protection, and other infrastructure that will provide long-term economic benefits; and
3. to stabilize State and local government budgets, in order to minimize and avoid reductions in essential services and counterproductive state and local tax increases.