ADVERTISEMENT
The Recovery Act and TARP: Government Accountability Office‚Äö?Ñ?¥s Role06-29-09 | News

The Recovery Act and TARP: Government Accountability Office?EUR??,,????'???s Role




img
 

American Recovery & Reinvestment Act aimed to invest in infrastructure, among its many lofty goals. ?EUR??,,????'??? Courtesy of City of Grand Junction, Colo.


Creating jobs and promoting infrastructure are two of the main goals of the American Recovery & Reinvestment Act (ARRA) and both could help the landscape industry immensely. Gene L. Dodaro, Acting Comptroller General of U.S. Government Accountability Office recently made conclusions about the ARRA and TARP (troubled assets relief program).

ARRA was signed on Feb. 17, with the purpose to preserve and create jobs and promote recovery; assist those most impacted by the recession; invest in science and health-care technology; stabilize state and local government budget. The total cost (tax and spending) was $787 billion, including over $580 billion in additional spending.

GAO responsibilities include: conducting bimonthly reviews of selected states?EUR??,,????'??? and localities?EUR??,,????'??? use of the funds; commenting on recipient reports on the number of jobs created or preserved; reviewing areas such as trade adjustment assistance, new education incentive grants, and efforts to increase small business lending; monitoring downturn?EUR??,,????'???s long-term effect on states (health care costs). ?EUR??,,????'??? Courtesy of Government Accountability Office

img