Senators Say Modernization Fund Will Get Money When Congress Sees Data, Results

NextGov: The Technology Modernization Fund—a revolving fund established to help agencies with critical IT programs—might not get additional funding for the coming fiscal year, leaving only $55 million in the fund.

The fund received $100 million for its inaugural year, $45 million of which was allocated to three modernization projects in June. The Office of Management and Budget and General Services Administration—the agencies administering the fund—requested an additional $210 million for fiscal 2019 and House appropriators voted in favor of adding $150 million to the fund.

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