The Office of Management and Budget has new rules for the Technology Modernization Fund (TMF), a government funding vehicle that encourages modernization. The guidance gives agencies options for full, partial or minimal repayment of loans.
- Alan Thomas, Chief Operating Officer at IntelliBridge and former Commissioner of the Federal Acquisition Service at the General Services Administration, said this might drive higher agency participation but that the TMF Board must carefully select projects to ensure its longevity.
- Thomas said it could be helpful to keep a reserve within the fund with a minimum threshold.
- He said if minimal repayment ends up meaning zero repayment, the only difference for agencies between the fund and the regular appropriations process would be guidance from the TMF Board, which Thomas believes should offer a broader array of expertise.