I recently attended this School Library Journal webcast to learn more about the ARRA funds that will be available soon for school libraries. The presentors were very knowledgeable. Emily Sheketoff from ALA's Washington Office and Vic Klatt, VP of Van Scoyoc, gave detailed information about the funding and how it can be used. Ann Martin, AASL's President, suggested ways to acquire and use the funds.
ALA's Know Your Stimulus site and federal government site provide more information about ARRA and other resources.
All three of the presentors emphasized the need to advocate for these funds at the state and district/school level. They will not be automatically be distributed to school libaries. LMS' need to get out the word about how the funds will add to the achievement of students in their building. If you need to find out how the American Recovery and Reinvestment Act can help you in your school library program, you need to view/listen to this webcast.
School Library Journal's webcasts are archived for one year here. (In case you'd like to access any of the other webcasts.)