On February 17, 2009, in the midst of economic turmoil and one of the worst recessions since the Great Depression, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). This law is intended to: (1) promote job preservation and creation; (2) invest in infrastructure projects; (3) increase economic efficiency; and (4) help stabilize State and local government budgets. Furthermore, ARRA authorizes the federal government to spend $787 billion, most of it within the next 18 months, on a variety of items. The author contends that to take advantage of this new funding for school facility related projects, school districts will need to be very proactive, think ahead, and act smartly about their prospective projects. In this article, the author discusses the State Fiscal Stabilization Fund (SFSF) and the tax credit bonds for schools and offers some suggestions on what school districts should do.