MeriTalk: TMF Official Eyes Next Round of Awards for 2022

“The Technology Modernization Fund (TMF) is eyeing 2022 for its next round of funding awards to Federal agencies, according to Raylene Yung, TMF Executive Director, who spoke today about the program as part of a panel discussion organized by the Association for Federal Information Resources Management (AFFIRM).

The fund, which is administered by the General Services Administration (GSA), has been evaluating Federal agency bids for some of the $1 billion of funding that TMF was granted by Congress earlier this year under the American Rescue Plan Act.  The fund announced $311 million of new awards in late September, and is continuing to evaluate agency proposals for the remainder…”

“Yung emphasized that the ‘machine is cranking’ continuously on receiving and evaluating agency bids for TMF Funding. ‘We’re both receiving proposals – kind of new ones all the time – and still working through the pipeline that we have,’ she said.

Sanjay Gupta, chief technology officer at the Small Business Administration and a member of the TMF board, jokingly answered the same question on timing of the next round of awards by saying, ‘it could be Tuesday, but we won’t say which Tuesday.’…”

“Yung said the current TMF staff at GSA runs the gamut ‘from people who really understand the … financials and are looking at making these transfers and following these investments, to technical staff that are really hands-on with not only the proposals, but also the active investments and provide technical guidance … after projects are underway.’

Gupta said the TMF board has been meeting twice per week to consider agency proposals, up from once per week prior to $1 billion funding award from Congress, because ‘we want to get the monies out sooner than later.’…” Read the full article here.

Source: TMF Official Eyes Next Round of Awards for 2022 – By John Curran, November 17, 2021. MeriTalk.


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