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Section 1512 requires awardees to submit a quarterly report, due no later than 10 calendar days after each calendar quarter in which the recipient receives the award (Jan 10, April 10, July 10, and Oct 10).
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.
Section 1512 of the Recovery Act required that recipients of any funds made available by appropriations under the Act submit quarterly reports on project progress to a newly estab- lished, independent Recovery Accountability and Transparency Board (Recovery Board).
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].
22 mar 2010 · Recovery and Reinvestment Act – Data Quality, Non-Reporting Requirements, and Reporting of Job Estimates. M-10-08 established a process for Federal agencies to calculate control totals for the number of awards issued and the total dollars associated with such awards.
§ 176.50 Award term—Reporting and registration requirements under section 1512 of the Recovery Act. Agencies are responsible for ensuring that their recipients report information required under the Recovery Act in a timely manner.
“Recipient reports required by Section 1512 of the Recovery Act will answer important questions, such as: Who is receiving Recovery Act dollars and in what amounts? What projects or activities are being funded with Recovery Act dollars?