What accountability and transparency steps are required?
The Act includes extensive provisions to ensure that states spend funds in ways that are consistent with its purposes (see above). Requirements include: • Certifications by governors or local officials that infrastructure expenditures have been fully reviewed and are an appropriate use of tax dollars. • Public access to contract and grant information, including requests for proposals for competitive grant programs. • Provisions for federal oversight, reviews and audits, coordinated by a Recovery Act Accountability and Transparency Board. • Access by federal inspectors and the Recovery Act Accountability and Transparency Board to information needed to ensure accountability at the national level. States receiving funds are required to report the following to the federal government: • How funds are being used. • Descriptions and status reports on stimulus-related projects. • Estimates of jobs saved or created by federal stimulus activities. • Estimates of tax increases averted because of
Related Questions
- Transparency, accountability and good governance are prerequisites for a thriving and effective administration of pension funds. Does the act reflect the application of these principles?
- What accountability and transparency steps does the Office of Economic Recovery and Reinvestment team plan to take?
- What accountability and transparency steps are required?
