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This interim rule amends the Federal Acquisition Regulation (FAR) to implement reporting requirements for contractors receiving funds under the American Recovery and Reinvestment Act of 2009, necessitating

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How to fill out Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements

1. Identify the federal funding sources associated with the American Recovery and Reinvestment Act (ARRA).
2. Review the applicable sections of the Federal Acquisition Regulation (FAR) that pertain to reporting requirements.
3. Gather all necessary documentation related to the contracts subject to ARRA funding.
4. Complete the required forms and reports as specified in FAR Case 2009–009, ensuring accuracy and completeness of the data provided.
5. Submit the reports in accordance with the timelines established in the FAR and ARRA guidelines.
6. Maintain records of submissions and any correspondence with federal agencies for future reference and compliance.

Who needs Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements?

1. Federal agencies that receive funding under the American Recovery and Reinvestment Act.
2. Contractors engaged in federal contracts funded by the ARRA.
3. Grantees and recipients of federal funds who must comply with specific reporting requirements.
4. Auditors and compliance officers tasked with ensuring adherence to ARRA provisions.

People Also Ask about

Why was the Emergency Recovery and Reinvestment Act of 2009 passed?

The American Recovery and Reinvestment Act of 2009 was signed into law by President Obama on February 17th, 2009. It is an unprecedented effort to jumpstart our economy, create or save millions of jobs, and put a down payment on addressing long-neglected challenges so our country can thrive in the 21st century.

What did the 2009 American Recovery and Reinvestment Act do?

The American Recovery and Reinvestment Act (ARRA)—more commonly known as the stimulus package of 2009 or the Obama stimulus—was a massive injection of federal spending into the economy, intended to create new jobs and restore jobs lost in the Great Recession of 2008.

What was the result of the 2009 stimulus?

Most economists agree that the stimulus was smaller than needed. Surveys of economists show overwhelming agreement that the stimulus reduced unemployment, and that the benefits of the stimulus outweigh the cost.

What is the Recovery and Reinvestment Act of 2009 tax?

For 2009, eligible individuals can make quarterly estimated tax payments equal to 90 percent of their 2009 tax or 90 percent of their 2008 tax, whichever is less. Individuals qualify if they received more than half of their gross income from their small business in 2008 and meet other requirements.

How did the ARRA impact the economy?

The act, which consisted mainly of "recovery rebates" for individuals and investment incentives for businesses, reduced revenues by $152 billion in FY2008 and $16 billion in FY2009.

What did the 2009 American Recovery and Reinvestment Act do?

The American Recovery and Reinvestment Act (ARRA)—more commonly known as the stimulus package of 2009 or the Obama stimulus—was a massive injection of federal spending into the economy, intended to create new jobs and restore jobs lost in the Great Recession of 2008.

What is the American Recovery and Reinvestment Act of 2009 tax?

For 2009, eligible individuals can make quarterly estimated tax payments equal to 90 percent of their 2009 tax or 90 percent of their 2008 tax, whichever is less. Individuals qualify if they received more than half of their gross income from their small business in 2008 and meet other requirements.

What are the whistleblower protections under the American Recovery and Reinvestment Act of 2009?

The American Recovery and Reinvestment Act of 2009, P.L. 111-5, provides explicit protections for certain individuals who make specified disclosures relating to funds covered by the Act in Division A, Title XV, section 1553, Protecting State and Local Government and Contractor Whistleblowers.

What is the FAR compliance of the federal acquisition regulation?

FAR compliance is a process that federal government contractors must adhere to in order to provide goods or services to federal agencies. FAR is one of the major differences between contracting with the federal government versus contracting with a commercial entity.

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What is Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements?

The Federal Acquisition Regulation; FAR Case 2009–009 pertains to the amendments made to the existing federal procurement regulations in response to the American Recovery and Reinvestment Act of 2009. It establishes reporting requirements for federal agencies and contractors involved in recovery projects, focusing on transparency and accountability in government spending.

Who is required to file Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements?

Federal agencies and contractors that receive federal funds under the American Recovery and Reinvestment Act are required to file the reporting requirements outlined in FAR Case 2009–009.

How to fill out Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements?

To fill out the reporting requirements, recipients of federal funds must gather relevant data as specified in the FAR case, such as project descriptions, expenditures, and job creation figures. This information needs to be compiled into the required reporting format and submitted to the designated government agency on the specified schedule.

What is the purpose of Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements?

The purpose of FAR Case 2009–009 is to enhance transparency and accountability regarding the use of federal funds under the American Recovery and Reinvestment Act. It aims to ensure that public resources are managed properly and that the expenditures contribute effectively to economic recovery.

What information must be reported on Federal Acquisition Regulation; FAR Case 2009–009, American Recovery and Reinvestment Act—Reporting Requirements?

The information that must be reported includes project descriptions, amounts of federal funds received, types of projects funded, recipient and contractor details, number of jobs created or retained, and any additional data required by the reporting guidelines in the FAR case.