Tucked inside last week’s House Appropriations Committee bill, was a $25 million line item adding to the Technology Modernization Fund (TMF). The TMF was created in fiscal year 2018 with $150 million aiming to help agencies with IT projects deemed critical; it is intended to make a significant impact on agency services and quickly deliver a return on investment. Although funding has faltered several times already, it appears the House will continue to add it as a line item until it is passed. (Nextgov January 22, 2019)
Six different projects have been awarded, or loaned, under the original $150 million. Agencies have five years to pay back these amounts. (ibid) Included are the following receipts:
- GSA received $15 million
- Agriculture $5 million
- Labor $3.5 million
- HUD $45 million
Funding is provided via TMF board approval. The board consists of seven federal tech leaders, who weigh proposals through a two-round application process before voting on which efforts to approve and fund. (ibid)
Want to know more about which agencies are seeking funding and how to get positioned to bid? Give us a call at 301-913-5000.