The General Services Administration has announced a shift in the Technology Modernization Fund (TMF) to prioritize full repayment of technology investment projects. This change reverses a previous Biden administration policy that allowed for less stringent repayment terms, accommodating projects that enhance security without guaranteed cost savings. Since its establishment in 2017, the TMF has funded $1.05 billion worth of initiatives across various federal agencies. The GSA aims for this shift to create a sustainable model for addressing technology debt, ensuring that digital infrastructure remains a key priority for government operations.
Moving forward, it appears that partial repayment isn't fully out of the question, as GSA's press release about the change states that there will be "an emphasis on developing plans that prioritize full repayment whenever possible."
This shift transforms a finite appropriation to an enduring fixture of our modernization strategy, creating lasting institutional capacity to address technology debt, said Federal Chief Information Officer Gregory Barbaccia.
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