Agencies have new rules for repaying loans from the Technology Modernization Fund (TMF), a government funding vehicle that encourages modernization. New guidance from the Office of Management and Budget gives agencies opportunities to pay back the loans over time or, in some cases, not at all.
- Former National Aeronautics and Space Administration Chief Information Officer Renee Wynn said the new rules provide the opportunity for more cross-agency projects but managers still have to run them well with strong business cases.
- Matthew Cornelius, Executive Director of the Alliance for Digital Innovation, said the minimal repayment option is beneficial because some very important, timely projects, such as cybersecurity improvements, might not generate cost savings.
- Cornelius said he applauds the Office of Management and Budget and the General Services Administration for the “simple and yet sophisticated” rule changes.
