Obama Administration Gets Serious About Recovery Act Reporting

More than 1,000 recipients of Recovery Act funds failed to report how they were spent in the last quarter of 2009 and the Obama administration aims to ensure that there are consequences for their non-compliance.  "Agencies now are authorized to begin terminating the awards of noncomplying recipients and reclaiming unspent funds, according to the memo. Contractors also risk suspension, debarment and other punitive actions."

Recipients have until Saturday, April 10th to submit this quarter's reports and can make changes until April 29th.  The reports will be published the next day on recovery.gov.

http://www.govexec.com/story_page.cfm?articleid=44975&dcn=e_gvet