OMB and GSA have said listed a set of priorities for the $1 billion that the American Rescue Plan added to the government-wide technology management fund: addressing urgent IT modernization needs, bolstering cybersecurity defenses, fostering cross-agency collaboration, improving the delivery of government services, and support services that can be scaled for impact across government.
“The disbursement plan creates new opportunities for investing in a diverse range of projects by allowing agencies significant flexibility in repaying awarded funds, especially for projects that tackle some of the most pressing challenges facing our nation,” an announcement said, and “provides the clarity and flexibility necessary to encourage federal agencies to prioritize technology.”
Further, repayment will shift from the full repayment model for all projects to a model with three categories: full repayment for projects that yield direct financial savings that can be used to fully repay the fund; partial repayment for projects with strong positive impact and which will yield some financial savings, but where the proposing agency doesn’t expect to reach full cost recovery; and minimal repayment for projects aimed at tackling the most urgent it issues facing our government, including critical cybersecurity improvements and initiatives that help agencies meet the demands of the pandemic, but which are unlikely to create direct cost savings.
The announcement encouraged agencies to submit proposals by June 2 for prioritized consideration to https://tmf.cio.gov. Applications will be considered on a rolling basis.