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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.
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].
Implements Section 1512(c). This section imposes various reporting requirements on a Federal Government contractor receiving ARRA funds, including amounts received, projects or activities for which funds are to be used, estimated number of jobs created or retained, and information regarding subcontractors.
6 Section 1512 of the Recovery Act requires quarterly reporting for certain types of funding. The reporting requirements do not apply to funding received through entitlement or other mandatory programs, except
25 mar 2010 · Requirements for Implementing Sections 1512, 1605, and 1606 of the American Recovery and Reinvestment Act of 2009 for Financial Assistance Awards, 14323-14330 [2010-6548] Download as PDF
