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<classification authority="sudocs">GA 1.13:GAO-06-308R</classification>
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 <subject>Appropriated funds</subject>
 <subject>Awards</subject>
 <subject>Cost analysis</subject>
 <subject>Employee incentives</subject>
 <subject>Evaluation criteria</subject>
 <subject>Federal agencies</subject>
 <subject>Federal funds</subject>
 <subject>Funds management</subject>
 <subject>Grant administration</subject>
 <subject>Performance management</subject>
 <subject>Program evaluation</subject>
 <subject>Policies and procedures</subject>
 <subject>Cost underruns</subject>
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<titleInfo>
 <title>Status of Two Authorities Granted to the Department of Commerce&apos;s Economic Development Administration</title>
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<abstract>The Department of Commerce&apos;s (Commerce) Economic Development
Administration (EDA) Reauthorization Act of 2004 directed us to  
regularly review the implementation of two authorities granted to
the Secretary of Commerce: (1) allowing excess funds from	 
projects constructed under projected cost to be reinvested in new
or existing projects and (2) establishing a performance award	 
process for grant recipients that meet or exceed performance	 
measures established in connection with the grant. This report	 
(1) discusses EDA&apos;s authority to reinvest excess funds and	 
provides information on the portion of these funds EDA has had to
return to the U.S. Treasury and (2) describes the status of the  
performance award system and identifies some steps EDA could take
to develop a useful performance award system.</abstract>
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<identifier type="preferred citation">GAO-06-308R</identifier>
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<note>Correspondence</note>
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 <searchTitle>GAO-06-308R; Status of Two Authorities Granted to the Department of Commerce&apos;s Economic Development Administration;
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 <topic>Appropriated funds</topic>
 <topic>Awards</topic>
 <topic>Cost analysis</topic>
 <topic>Employee incentives</topic>
 <topic>Evaluation criteria</topic>
 <topic>Federal agencies</topic>
 <topic>Federal funds</topic>
 <topic>Funds management</topic>
 <topic>Grant administration</topic>
 <topic>Performance management</topic>
 <topic>Program evaluation</topic>
 <topic>Policies and procedures</topic>
 <topic>Cost underruns</topic>
 <topic>No-year funding</topic>
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