Strategic Targeted American Recovery and Transition Act

[AI summary unavailable — showing source text] Strategic Targeted American Recovery and Transition Act - Designates: (1) each amount in this Act as an emergency requirement, necessary to meet certain emergency needs in accordance with the FY2008-FY2009 congressional budget resolutions; and (2) as an emergency for Pay-As-You-Go (PAYGO) principles. Establishes use-it-or-lose-it requirements for grantees. Requires them to enter into contracts or other binding commitments within one year after enactment of this Act, or within nine months after the grant is awarded, whichever is later, to make use of 100% of such funds. Requires agency recovery or deobligation and redistribution of uncommitted funds. Makes all funds appropriated by this Act available for obligation through FY2010, unless expressly provided otherwise. Makes additional appropriations to specified federal agency and departmental Offices of Inspector General. Appropriates additional amounts to the Government Accountability Office (GAO). Prohibits the use of funds for a project for the construction, alteration, maintenance, or repair of a public building or public work unless all of the iron and steel used in the project is domestic, except in certain circumstances. Requ…