ABSTRACT

Ensuring Responsible Spending of Recovery Act Funds, Memorandum for the Heads of Executive Departments and Agencies, March 20, 2009   [open pdf - 62KB]

"My Administration is committed to ensuring that public funds are expended responsibly and in a transparent manner. Last month, I signed into law the 'American Recovery and Reinvestment Act of 2009,' Public Law 111-- 5 (the 'Recovery Act' or 'Act'), an investment package designed to provide a necessary boost to our economy in these difficult times and to create jobs, restore economic growth, and strengthen America's middle class. The Recovery Act is designed to stimulate the economy through measures that, among other things, modernize the Nation's infrastructure, jump start American energy independence, expand high-quality educational opportunities, preserve and improve access to affordable health care, provide middle-class tax relief, and protect those in greatest need. It is not intended to fund projects for special interests. In implementing the Recovery Act, we have undertaken unprecedented efforts to ensure the responsible distribution of funds for the Act's purposes and to provide public transparency and accountability of expenditures. We must not allow Recovery Act funds to be distributed on the basis of factors other than the merits of proposed projects or in response to improper influence or pressure. We must also empower executive department and agency officials to exercise their available discretion and judgment to help ensure that Recovery Act funds are expended for projects that further the job creation, economic recovery, and other purposes of the Recovery Act and are not used for imprudent projects."

Publisher:
Date:
2009-03-25
Copyright:
Public Domain
Retrieved From:
Via E-mail
Format:
pdf
Media Type:
application/pdf
Source:
Federal Register (March 25, 2009), v.74 no. 56
URL:
Help with citations