USDA, HUD, DOE begin repaying Technology Modernization Fund

“The Departments of Agriculture (USDA), Housing and Urban Development (HUD), and Energy are the first three agencies to begin paying back Technology Modernization Fund (TMF) grants, representatives from each agency confirmed to MeriTalk.”

“… For USDA’s project, the agency repaid $103,000 of the $4 million distributed in 2019, per an agency spokesperson. The remaining $6 million of the grant is expected to be distributed to USDA in Fiscal Year 2020.

According to a Dec. 12 Government Accountability Office (GAO) report on TMF fee paybacks, the agency expects to repay the entire grant with fees by FY2025. USDA officials told GAO that TMF will be repaid “using annual appropriations from each of the two agencies involved in the project.”

“HUD repaid $1.03 million to TMF as a part of its UNISYS mainframe migration award in the…” Read the full article here.

Source: USDA, HUD, Energy Are First Agencies to Pay Back TMF – January 13, 2020. MeriTalk.


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