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Tuesday, June 23, 2009

New Guidance for Recovery Act Recipient Reporting Released

The U.S. Office of Management and Budget (OMB) released much-anticipated reporting guidance yesterday for an estimated 90,000 recipients of funds distributed under the American Recovery and Reinvestment Act of 2009 (Recovery Act).

On June 22, 2009, the Office of Management and Budget (OMB) published Implementing Guidance for the Reports on Use of Funds Pursuant to the American Recovery and Reinvestment Act of 2009 ("Recovery Act"). This guidance implements the reporting requirements included in Section 1512 of the Recovery Act for recipients of grants, loans, and other forms of assistance. The reports required by Section 1512 will be submitted by recipients beginning in October 2009 and 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?
  • What is the completion status of such projects or activities and what impact have they had on job creation and retention?
Based on input received from the public on previous implementing guidance issued by OMB, the reporting framework in the attached guidance has been updated and enhanced to capture additional spending data from prime recipients and sub-recipients of Federal financial assistance Recovery Act awards. Further, OMB has worked with the Recovery Accountability and Transparency Board to deploy a nationwide data collection system at the website http://www.recovery.gov/?q=node/579#TB_inline?height=240&width=400&inlineId=tb_external that will reduce information reporting burden on recipients by simplifying reporting instructions and providing a user-friendly mechanism for submitting required data.

Additional Information can be found at: http://www.recovery.gov/ and http://www.agacgfm.org/intergovernmental/recovery.aspx

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