Published: Aug 19, 2011 3:15 PM EDT

FORT LAUDERDALE, Fla. (AP) - Teachers in Broward have reached a contract with the school district, granting instructors a $500 cash bonus and no unpaid furlough days.
    
The South Florida Sun-Sentinel reports the one-time bonuses will cost the district about $7 million but the contract will help secure $30 million in federal funding from the Race to the Top grant.
    
Palm Beach schools reached a similar agreement in June.
    
New legislation requires states to create merit-pay plans. Florida is receiving $400 million in Race to the Top funds, which could help districts pay for it. But without a contract, Broward could have lost its $30 million share.

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