Author: Nahee Rosso

Short Answer: It’s Not Clear Congress passed on March 10 and the president signed into law on March 11 the $1.9 trillion COVID-relief bill, which provides $350 billion for state and local governments, $168 billion for K-12 schools and higher education, $30.5 billion for public transit and $8 billion for airports. The bill, however, appears to dedicate little, if any, funding to new public or private construction investment projects—infrastructure or buildings. Generally speaking, the entities receiving these funds have broad discretion to use them however they see fit. It is unclear, consequently, how the vast majority of these funds will…