What accountability and transparency steps does the Office of Economic Recovery and Reinvestment team plan to take?
A key provision of the federal stimulus is regular public reporting of project status, spending, and job creation and retention. In addition, both federal and state governments will have significant monitoring, reporting, and risk management responsibilities to protect against fraud, mismanagement, and waste. Periodic reports on status of federal dollars will be due to Federal agencies, Congress and www.Recovery.gov This reporting will also include announcements for grant competitions, allocations of formula grants, and awards of competitive grants using those funds. The Governor is required to report the following information to each federal granting agency, Congress, and www.Recovery.gov before the end of each distribution period: • How funds will be used • That funds were used correctly • Jobs created/sustained by the funds • Non-federal funding sources used to complete projects Federal and state accountability and transparency measures will include: • Oversight of spending to preve
