Increased Public Spending Transparency: Disclosing Funding Sources
This new law requires organizations and state/local governments receiving federal funds to clearly state how much of those funds come from the federal budget and how much from other sources. This aims to increase transparency in public spending, allowing citizens to better understand how various projects and programs are financed. Non-compliance may result in a portion of federal funds being withheld.
Key points
Requirement to disclose the percentage of federal and non-governmental funds in project financing.
Obligation to state the exact dollar amount of federal funds allocated to a program or project.
Possibility of withholding up to 25% of federal funds for entities that do not comply with new transparency rules.
Status:
Expired
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