N.M. Senators applaud enactment of American Recovery and Reinvestment act

WASHINGTON – U.S. Senators Jeff Bingaman and Tom Udall today applauded news that President Obama had signed into law an economic recovery package that will send more than $1.6 billion to New Mexico.

The American Recovery and Reinvestment Act will send $1.1 billion to the state through formula grants — funds that will flow on a formula basis from federal agencies to state agencies.