Governor Rendell announced today that 46 school districts will receive more than $600 million in bonds made possible through the federal American Recovery and Reinvestment Act (ARRA). Governor Rendell emphasized that the ARRA program will save the school districts an estimated $513 million in financing costs. ”These funds will help put people to work on vital construction projects, save energy costs and help improve educational programs – and the attractive financing will save the taxpayers more than half a billion in financing costs,” he stated. “With federal help, we lowered costs and are helping our districts make these terrific improvements.” Governor Rendell also announced that he has nominated Basil Merenda, the current Commissioner at the Bureau of Professional and Occupational Affairs, to replace Pedro Cortes as the Secretary of the Department of State. Check out the PLS Capitol Toolbox later today for the full story.

