Budget Federal spending

A House version of COVID-19 relief legislation being prepared as an alternative to the separate relief/stimulus bill being considered by the Senate on March 24 features a stunning proposed increase in funding for the Technology Modernization Fund (TMF) that serves as a repayable source of capital for Federal agency IT modernization projects.






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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.






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The General Services Administration (GSA) and the Office of Management and Budget (OMB) are having problems with Technology Modernization Fund (TMF) fee collection and project cost estimations, according to a Dec. 12 Government Accountability Office (GAO) report.






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Federal money spending government

The Office of Management and Budget (OMB) announced the award of $12 million total from the Technology Modernization Fund (TMF) for two new projects at the Department of Agriculture (USDA) and the Equal Employment Opportunity Commission (EEOC).






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After all the negotiations were said and done in the Senate Appropriations Committee, the Technology Modernization Fund (TMF) ended up with zero dollars for fiscal year 2020 from the upper chamber of Congress.






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Capital, House of Representatives, Congress, Senate

The Senate Subcommittee on Financial Services and General Government today approved the FY2020 Financial Services and General Government Funding bill that zeros out funding for the Technology Modernization Fund (TMF) for FY2020, a source with knowledge confirmed.






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Federal money spending government

The House voted today to approve $35 million of FY2020 funding for the Technology Modernization Fund (TMF), which provides money to Federal agencies to pursue promising IT modernization projects.






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Federal money spending government

Rep. Gerry Connolly, D-Va., is offering an amendment to the Financial Services and General Government Appropriations Act (HR 3351) that would boost the FY2020 budget for the Technology Modernization Fund by $15 million, to a total of $50 million.






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Federal money spending government

The draft Financial Service and General Government budget released by the House Appropriations Committee on Sunday, June 2, only includes $35 million for the Technology Modernization Fund (TMF), putting funding below the White House budget request of $150 million and more in line with the $25 million allocated in fiscal year 2019.






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Federal money spending government

The board that reviews Federal agency applications for project funding provided by the Technology Modernization Fund (TMF) has been highly selective with the applications it receives and has sent most applicants back to the drawing board to improve their requests, said one of the board members at the AGA/AFFIRM CFO/CIO Summit held on May 7.






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Emily Murphy GSA
Federal money spending government

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