Search results
The three main goals of the Recovery Act as stated on the White House Recovery Web site are to: 1) create new jobs as well as save existing ones; 2) spur economic activity and invest in long-term economic growth; and 3) foster unprecedented levels of accountability and transparency in government spending [10].
Section 1512(e) of the law requires the Congressional Budget Office (CBO) to comment on reports filed by recipients of ARRA funding that detail the number of jobs funded through their activities. This CBO report fulfills that requirement.
The Recovery Act provided more than $48 billion for transportation investments in early 2009 and stipulated that most funds be obligated by September 30, 2010. The act targeted the majority of those funds to be channeled through existing aviation, highway, rail, and transit programs.
The Recovery Act is expected to direct approximately $787 billion in funding and tax relief into the American economy between February 2009 and September 2011. Recovery Act funding is provided through three primary mechanisms: • Discretionary program funds, which are grants, loans, and contracts
Section 1512 of the Recovery Act requires that not later than 10 days after the end of each calendar quarter, each recipient that received Recovery Act funds from a Federal agency submit a report to that agency to include the following: (1) the amounts spent on projects or activities; (2) a list of projects or activities funded by
First, Section 1512 requires recipients and sub-recipients to report on the nature of projects undertaken with Recovery Act funds, and the numbers of jobs created and retained. This information must be reported to FederalReporting.gov, a system created and managed by OMB and the Recovery Accountability and Transparency Board (RATB).
RECOVERY ACT. Housing Programs Met Spending Milestones, but Asset Management Information Needs Evaluation. What GAO Found. Almost all public housing authorities (PHA) met their spending deadlines for the Public Housing Capital Fund formula and competitive grant programs.
