Home > Top Management Challenges > EDA Implemented and Followed the Requirements for Awarding and Disbursing CARES Act Funding Through the Revolving Loan Fund Program
EDA Implemented and Followed the Requirements for Awarding and Disbursing CARES Act Funding Through the Revolving Loan Fund Program
| Date Issued | May 24, 2023 |
|---|---|
| Report Number | OIG-23-021-I |
| Report Type | Audits / Evaluations |
| Description |
Our evaluation found that EDA had a process to select applicants and award Coronavirus Aid, Relief, and Economic Security Act (CARES Act) funds through the revolving loan fund program, generally ensured that pre-disbursement requirements were met, and had a process for monitoring CARES Act funds after disbursement. |
| View Report | OIG-23-021-I.pdf |
| View Announcement | Evaluation-of-EDAs-Administering-of-CARES-Act-Funding-Through-Its-RLF-Program.pdf |
