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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].
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.
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 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
The reporting requirements discussed in this fact sheet incorporate the supplemental requirements of OMB. 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.
by Section 1512 of the Recovery Act. Office of Management and Budget (OMB) guidance states that starting October 22, 2009, Federal agencies are to perform a limited data quality review of recipient information and notify the recipients of two key data problems—material omissions and significant reporting errors. Our
DOE received $6 billion in Recovery Act funds that it is using to clean up 17 sites contaminated by radioactive and hazardous wastes from decades of nuclear research and weapons production. The cleanup is primarily carried out by contractors.
