Prompt Payment Act Analysis Of Expenditures Made From The Iraq Relief And Reconstruction Fund
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Author | : CreateSpace Independent Publishing Platform |
Publisher | : Createspace Independent Publishing Platform |
Total Pages | : 28 |
Release | : 2018-07-10 |
Genre | : |
ISBN | : 9781722617424 |
Prompt Payment Act : analysis of expenditures made from the Iraq Relief and Reconstruction Fund.
Author | : United States. Office of the Special Inspector General for Iraq Reconstruction |
Publisher | : |
Total Pages | : |
Release | : 2006 |
Genre | : |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 28 |
Release | : 2006 |
Genre | : |
ISBN | : |
This audit report discusses the management and payment of interest penalties incurred resulting from provisions of the Prompt Payment Act by U.S. government organizations responsible for the management of the Iraq Relief and Reconstruction Fund. Objective. The objective of this audit was to determine whether expenditures by U.S. government organizations responsible for the management of the Iraq Relief and Reconstruction Fund were made in compliance with the Prompt Payment Act and other applicable policies and regulations. Results. During fiscal year 2005, approximately $1.4 million in interest penalty payments were made by the Army against Iraq Relief and Reconstruction Fund disbursements of about $5.275 billion made by Department of Defense organizations because of late payments of contractor invoices. This amount of interest exceeded an Army management goal, which stipulated that there be no more than $85 in interest penalty payments for every million dollars disbursed; in this case that amount would have been $448,381. However, the $1.4 million in interest penalties paid amounted to about $259 in interest penalties per million disbursed and exceeded the Army goal by 304 percent. As a result, interest penalties paid to contractors from the Iraq Relief and Reconstruction Fund appropriation reduced, dollar-for-dollar, the availability of funds appropriated for the reconstruction of Iraq and for the benefit of the Iraqi people. If the Army achieves the current management goal of no more than $85 in interest penalty payments for every million dollars disbursed, for the remaining Department of Defense Iraq Relief and Reconstruction Fund apportioned funds of approximately $7.0 billion yet to be disbursed, the Army could avoid making interest penalty payments of more than $1.2 million and make better use of those funds to support pressing relief and reconstruction needs.
Author | : |
Publisher | : |
Total Pages | : 226 |
Release | : 2007 |
Genre | : Internal security |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 428 |
Release | : 2013-09 |
Genre | : Delegated legislation |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security |
Publisher | : |
Total Pages | : 256 |
Release | : 2008 |
Genre | : Defense contracts |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Armed Services |
Publisher | : |
Total Pages | : 322 |
Release | : 2007 |
Genre | : United States |
ISBN | : |
Author | : United States. Congress. Senate. Committee on Appropriations |
Publisher | : |
Total Pages | : 288 |
Release | : 2009 |
Genre | : Corruption |
ISBN | : |
Author | : Hideki Matsunaga |
Publisher | : World Bank Publications |
Total Pages | : 179 |
Release | : 2019-05-20 |
Genre | : Social Science |
ISBN | : 1464813914 |
Beginning in 2003, diverse and significant actors, both domestic and international, engaged in reconstruction activities in Iraq. The total budget committed to Iraq’s reconstruction was unprecedented among postconflict operations mobilized by the international community. Despite the vast sums of money spent, and the implementation of its many projects and programs, the donors and the Iraqi people view the reconstruction efforts in Iraq in a negative light. The Reconstruction of Iraq after 2003: Learning from Its Successes and Failures focuses on the period between 2003 and 2014—that is, after the United States†“led invasion and overthrow of the Saddam Hussein regime, and before the sudden rise of the Islamic State of Iraq and the Levant (ISIL), also known as Daesh. This book assesses several dimensions of Iraq’s reconstruction. First, it considers the response of key international actors, such as the United Nations, the World Bank, the United States, and other bilateral donors—specifically, the European Union, Japan, and the United Kingdom—as well as nongovernmental organizations. Second, it analyzes the process and results of the reconstruction of key sectors (electricity, oil, education, and health), and the interventions geared to institution building and governance reform. Pursuing effective reconstruction within the context of conflict and fragility is a formidable challenge because of the uncertain, fluid, and complex environment. Based on the experience in Iraq, how can the international community support the effectiveness and durability of reconstruction? This book identifies lessons in seven areas and offers four recommendations for international and domestic actors and citizens engaged in reconstruction activities. The Reconstruction of Iraq after 2003 is important reading for development practitioners and policy makers who are or will be engaged in reconstruction efforts in fragile and conflict-affected environments.
Author | : Iraq Study Group (U.S.) |
Publisher | : Vintage |
Total Pages | : 164 |
Release | : 2006-12-06 |
Genre | : History |
ISBN | : |
Presents the findings of the bipartisan Iraq Study Group, which was formed in 2006 to examine the situation in Iraq and offer suggestions for the American military's future involvement in the region.