If the application is approved, the governor says the money could arrive within two weeks and could be used to ease the severe state budget cuts to education.
"So, I think that this money will help us to not have to lay off that many teachers. It will go also into the classroom and it will help our kids, because we always said that the children should have the first run at our treasury," said /*Governor Schwarzenegger*/.
The governor's office estimates schools could get $3.1 billion initially, with another $1.8 billion to follow.
Most of the money will go to K-12 schools, with about 1/5 dedicated for higher education.
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