Summary:

Distributing $787 billion from the federal government is bound to get complicated. As the Department of Energy and other agencies in line for big sums hunker down to draft implementation plans and application procedures, we’ve rounded up the key dates to note and sites to watch […]

Distributing $787 billion from the federal government is bound to get complicated. As the Department of Energy and other agencies in line for big sums hunker down to draft implementation plans and application procedures, we’ve rounded up the key dates to note and sites to watch if you plan to apply for stimulus funds — or if you want to keep an eye on how the government spends them. For those of you with an appetite for nitty-gritty details, check out the recent memo from the Office of Management and Budget (PDF).

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Sites to Know:

  • Recovery.gov – Here you will find links to agency-specific information as it becomes available — starting next month. Individual agencies will create pages on their own sites, i.e. agency.gov/recovery. You can also share feedback on how the economic crisis and the recovery program are affecting you or your business.
  • FBO.gov – For contract awards, the FedBizOpps site is where to find pre-solicitation and award notice. Search tip: All pre-solicitation notices will have “Recovery”  as the first word in the Title field before the actual title.
  • Grants.gov – Agencies will post synopses of funding opportunities here, linking to full announcements on their respective web sites.
  • GovLoans.gov – For loans and loan guarantees, this is where you’ll find funding opportunity notices and/or funding allocation information.


Timeline:

  • March 3 – Federal agencies must begin submitting weekly reports on the breakdown of funding, major actions planned and taken (to be posted on recovery.gov).
  • May 1 – Agencies must submit to the Office of Management and Budget a plan for each program named in the stimulus legislation, describing broad plans, cost effectiveness, public benefits and schedule.
  • May 3 – Federal agencies to make Performance Plans publicly available, begin reporting on allocations for entitlement programs.
  • May 8 – Agencies must begin submitting monthly financial reports providing obligations, expenditures, and other financial data.
  • May 15 – Detailed agency financial reports to become available.
  • May 20 – Federal agencies to begin reporting their competitive grants and contracts
  • July 15 – Recipients of federal funding to begin reporting on their use of funds, including the number of jobs created and a detailed list of all projects or activities funded by stimulus awards.

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