working capital funds
The Small Business Administration is setting up an IT working capital fund
The agency is among the first to get going on this new IT modernization project funding capability.
White House sticks with TMF, but scales back its 2020 budget request
The request is $150 million — significantly below what the Trump administration sought in fiscal 2018 and fiscal 2019 — but it would still represent a robust addition to the fund.
Confident TMF will be funded in 2019, Will Hurd is focusing now on agency working capital funds
Hurd is most concerned with getting CFO Act agencies to stand up IT modernization working capital funds and depositing money into them in fiscal 2019.