By Jason Miller, Federal News Network
If federal chief information officers and program managers want to get their hands on some of the $1 billion in the Technology Modernization Fund, they have less than a month to put their plan together.
The Office of Management and Budget set a deadline of early June for proposals to receive expedited consideration. But the TMF Board will accept proposals on a rolling basis going forward after that early June initial deadline.
OMB released new guidance to agencies today for how the board will loan out the windfall funding Congress approved in the American Rescue Plan.
“The TMF enables multi-year transformational projects by ensuring federal agencies have resources that exist throughout the lifecycle of modernization. We plan to use these resources to enable the federal government to better respond to SolarWinds and the COVID-19 crisis, and to support the economic recovery,” said Federal Chief Information Officer Clare Martorana in a release.