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Recovery Act Purpose. Preserve and create jobs and promote economic recovery. Assist those most impacted by the recession. Spur technological advances in science and health via investment. Generate long-term economic benefits via investment. Stabilize state and local government budgets. Principles. As quickly as possible. Prudent management.
In response to the severe economic crisis, the $787 billion American Recovery and Reinvestment Act (Recovery Act) became law in February 2009. The primary goal of this act was to create and save jobs and stimulate long-term economic growth.
Section 1512 of the Recovery Act sets specific reporting requirements for government agencies and recipients of Recovery funds to measure the plan's progress. For example, Section 1512 says that within 10 days after the end of each calendar quarter, recipients of Recovery funds must submit reports on the use of those funds.
21 lut 2019 · A lasting legacy. The Recovery Act also paved the way for legislation that changed the standards for the transparency of government spending. Congress passed the Digital Accountability and Transparency Act of 2014 (the DATA Act), partly due to lessons learned from the Recovery Act.
23 kwi 2009 · In this first report, GAO describes selected states' and localities' (1) uses of and planning of Recovery Act funds, (2) accountability approaches, and (3) plans to evaluate the impact of funds received.
§ 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.
The American Recovery and Reinvestment Act of 2009 (Recovery Act) provided $5 billion to the Department of Energy’s (DOE) Weatherization Assistance Program to help low-income families by making long-term energy efficiency improvements to their homes.
