Waiver From Rescission of Unobligated Funds Under the American Recovery and Reinvestment Act of 2009, 70881-70883 [2012-28856]

Agencies

• Executive Office of the President

[Federal Register Volume 77, Number 228 (Tuesday, November 27, 2012)]
[Presidential Documents]
[Pages 70881-70883]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-28856]



[[Page 70881]]

Vol. 77

Tuesday,

No. 228

November 27, 2012

Part II





The President





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Notice of November 21, 2012--Waiver From Rescission of Unobligated 
Funds Under the American Recovery and Reinvestment Act of 2009


                        Presidential Documents 



Federal Register / Vol. 77 , No. 228 / Tuesday, November 27, 2012 / 
Presidential Documents

___________________________________________________________________

Title 3--
The President

[[Page 70883]]



                
Waiver From Rescission of Unobligated Funds Under 
                the American Recovery and Reinvestment Act of 2009

                Consistent with the authority provided to me under the 
                American Recovery and Reinvestment Act of 2009 (Public 
                Law 111-5), as amended by section 1306 of the Dodd-
                Frank Wall Street Reform and Consumer Protection Act 
                (Public Law 111-203) (the ``Dodd-Frank Act''), I have 
                determined that it is not in the best interest of the 
                Nation to rescind after December 31, 2012, the 
                unobligated amounts made available in Division A of the 
                American Recovery and Reinvestment Act with respect to 
                the accounts with the following Treasury Account Fund 
                Symbol codes and names: 13-0110: DOC--Office of the 
                Inspector General; 86-0190: HUD--Office of Inspector 
                General; 69-0131: DOT--Office of Inspector General; 20-
                0135: TREAS--Treasury Inspector General for Tax 
                Administration; 49-0301: NSF--Office of the Inspector 
                General; and 73-0201: SBA--Office of Inspector General.

                My determination is based on the following 
                considerations:

                The requesting Inspectors General are tasked with 
                overseeing investigations that can take multiple years 
                to complete, and the oversight work often begins in 
                earnest during the final phases of a project. In some 
                cases, the awards that the Inspectors General oversee 
                will continue to outlay past December 31, 2012. The 
                $11.5 million unobligated balance will allow Inspectors 
                General the needed flexibility to effectively combat 
                waste, fraud, and abuse.

                Therefore, in accordance with section 1306 of the Dodd-
                Frank Act, I am waiving the requirements for repayment 
                of unobligated funds made available in the American 
                Recovery and Reinvestment Act with respect to the 
                accounts described above.

                This notice shall be published in the Federal Register.
                
                
                    (Presidential Sig.)

                THE WHITE HOUSE,

                    Washington, November 21, 2012.

[FR Doc. 2012-28856
Filed 11-26-12; 11:15 am]
Billing code 3295-F3