The biggest obstacle to the success of the Technology Modernization Fund might be Congress, according to report by the Government Accountability Office. During a House hearing on technology issues, Carol Harris, director of information technology and acquisition management issues at GAO, said that the current amount allocated to the TMF is insufficient for their needs. She told Government Matters that as it’s funded now, the TMF is completely unsustainable.
“There’s a trendline that shows that the TMF is going to be running out of money, if they allocate and award the remaining $35 million in the fund. There needs to be a significant infusion of funds into the TMF to stay solvent,” Harris said. “The number that I gave Chairman Connolly at the hearing was $432 million. That’s what the TMF program management office was requesting. It doesn’t necessarily have to be that number, but it has to be around that number in order for the fund to remain solvent and to carry out what was envisioned by the legislators who created the MGT Act.”