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Signed into law in 2021, this legislation funds infrastructure projects through 2026. Funds have been distributed at the expected pace with competitive grants taking longer than formula or direct spending. Best Practices for Successful Award Management With increased funding comes increased challenges.
Right now, communities across the country are benefitting from the unprecedented $1 trillion in funding created by the Infrastructure Investment and Jobs Act (IIJA). While there are a lot of federal funds available, many organizations don’t have the capacity or the resources to do the necessary prep work involved in applying for IIJA funding.
These revisions clarified that if a federal awarding agency determines there is “non-performance” on the part of the recipient of federal funds, they can either cancel the award or reduce the amount of funding. So, monitoring the impact you and your funded programs are making with federal funds is a must.
Grant programs across the country have an unprecedented opportunity to construct vital infrastructure for their communities with the $1 trillion in funding from the Infrastructure Investment and Jobs Act (IIJA). It is important for grant programs to understand how they can effectively prepare to manage these funds.
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