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Introduction: Recovery Act - Impact on Procurement. The American Recovery and Reinvestment Act of 2009 (Recovery Act) Pub. L. 111-5 enacted February 17, 2009. Establishes principals for transparency and accountability. Establishes requirements for Federal contracts and IAAs.
23 kwi 2009 · Purpose of this part. This part establishes Federal Governmentwide award terms for financial assistance awards, namely, grants, cooperative agreements, and loans, to implement the cross-cutting requirements of the American Recovery and Reinvestment Act of 2009, Public Law 111-5 (Recovery Act).
22 mar 2010 · In order to better assess progress in implementing the Recovery Act, Section 1512 reporting requirements and to assist the RATB in its oversight, the Federal agencies are required to compile a comprehensive list of all awards subject to the Recovery Act, Section 1512.
For assistance instruments, guidance for carrying out the reporting requirements included in Section 1512 of the American Recovery and Reinvestment Act of 2009 (Recovery Act). Supplement 1, List of Programs Subject to Recipient Reporting (PDF - 15 pages, 127 KB)
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].
Background: The Recovery Act, enacted February 17.2009, has several goals, including: (I) To preserve and create jobs and promote economic recovery; (2) To invest in transportation. environmental protection. and other infrastructure that
Agencies are responsible for ensuring that their recipients report information required under the Recovery Act in a timely manner. The following award term shall be used by agencies to implement the recipient reporting and registration requirements in section 1512:
