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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].
American Recovery and Reinvestment Act of 2009 (ARRA) contains provisions that are intended to boost economic activity and employment in the United States. 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 ...
Reinvestment Act (Recovery Act) became law in February 2009. According to Public Law 111-5, the Recovery Act’s stated purpose is to: • preserve and create jobs and promote economic recovery, • assist those most impacted by the recession, • provide investments needed to increase economic efficiency by spurring
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 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).
The Recovery Act provided $2.1 billion for Head Start and Early Head Start, primarily to expand services. GAO addressed four questions: . (1) How have Head Start and Early Head Start grantees used Recovery Act funds, including for expanding enrollment? (2) What challenges have grantees encountered in spending Recovery Act funds?
