GSA updates Technology Modernization Fund repayment policy following lawmakers’ proposal
FedScoop
FEBRUARY 12, 2024
The General Services Administration, in consultation with the White House’s Office of Management and Budget, updated its repayment policy for agencies that are seeking to receive financial assistance from the Technology Modernization Fund. In an email acquired by FedScoop, GSA shared that it had updated the TMF’s repayment policy to reflect a new “consistent repayment floor with a minimum of 50% repayment,” with “rare exceptions” decided by the GSA administrator and OMB director.
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