About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

GAO-06-308R 1 (2005-12-21)

handle is hein.gao/gaocrptasiv0001 and id is 1 raw text is: Sai Accountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 December 21, 2005 The Honorable James M. Inhofe Chairman The Honorable Jim Jeffords Ranking Minority Member Committee on Environment and Public Works United States Senate The Honorable Don Young Chairman The Honorable James L. Oberstar Ranking Democratic Member Committee on Transportation and Infrastructure House of Representatives Subject: Status of Two Authorities Granted to the Department of Commerce's Economic Development Administration The Department of Commerce's (Commerce) Economic Development Administration (EDA) Reauthorization Act of 2004' directed us to regularly review the implementation of two authorities granted to the Secretary of Commerce: (1) allowing excess funds from projects constructed under projected cost to be reinvested in new or existing projects and (2) establishing a performance award process for grant recipients that meet or exceed performance measures established in connection with the grant. This report transmits briefing slides we provided to committee staff on October 27, 2005. As agreed with the committees of jurisdiction, because the authorities came into effect on October 1, 2005-too recently to allow for a full assessment-we limited our initial analysis to interviews with agency officials and a review of the legislative history, appropriate budget documents, and proposed regulations. We conducted our review from June 2005 through November 2005 in Washington, D.C., in accordance with generally accepted government auditing standards. This report (1) discusses EDA's authority to reinvest excess funds and provides information on the portion of these funds EDA has had to return to the U.S. Treasury and (2) describes the status of the performance award system and identifies some steps EDA could take to develop a useful performance award system. 'Pub. L. No. 1808-373 (2004). The act directed us to report no later than 1 year after the date that this subsection was enacted, or no later than October 27, 2005. As agreed, we fulfilled this requirement by providing the enclosed briefing slides to you by that date. GAO-06-308R Status of EDA's Two Authorities

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most