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FedScoop: Industry group calls for small, independent federal agencies to receive working capital fund authority

“The Alliance for Digital Innovation has called on lawmakers to extend working capital fund authority to small and independent agencies.

In a letter sent Wednesday, the tech industry group said that such a move would give every agency across government greater flexibility to undertake bigger, enterprisewide projects IT projects…

Working capital funds were authorized for CFO Act agencies in 2017. The Modernizing Government Technology Act allows appropriations committees to give agencies greater flexibility to set aside unused funds for future projects and to provide multi-year funding.

Advocates for the funding structure say it can help promote long-term thinking within federal IT procurement by providing a degree of isolation from multi-year appropriation cycles…” Read the full article here.

Source: Industry group calls for small, independent federal agencies to receive working capital fund authority – By John Hewitt Jones, June 1, 2022. FedScoop.

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