Audit launched on the FAA’s oversight of the financing of the CARES law

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The Department of Transportation’s Office of the Inspector General (OIG) has launched an audit of the Federal Aviation Administration’s (FAA) oversight of CARES funding.

In March 2020, Congress enacted the CARES (Coronavirus Aid, Relief, and Economic Security) law to address threats to public health and the economy posed by the 2019 coronavirus disease (COVID-19) pandemic. Of the $ 2.2 trillion allocated by the CARES Act, the FAA has received $ 10 billion in emergency funding to prevent, prepare for, and respond to COVID-19. As of September 2021, the Agency had committed approximately $ 9.7 billion of these funds, of which approximately $ 163 million went to airport development projects.

The OIG has already identified weaknesses in the FAA’s oversight of airport development projects. This, along with the monitoring challenges associated with the large amounts and rapid disbursements of CARES law funds, led to the audit. Its objectives will be to assess the FAA’s processes for the allocation and administration of airport development grants funded by the CARES Act; and to oversee Associate Recipient contracts to ensure compliance with Federal and Agency grant and procurement requirements.

Read the announcement at the OIG

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