This subpart implements section 1512(c) of Division A of the American Recovery and Reinvestment Act of 2009 (Pub. L. 111-5) (Recovery Act), which requires, as a condition of receipt of funds, quarterly reporting on the use of funds. The subpart also implements the data elements of the Federal Funding Accountability and Transparency Act of 2006, as amended (Pub. L. 109-282). Contractors that receive awards (or modifications to existing awards) funded, in whole or in part by the Recovery Act, must report information including, but not limited to-
(a) The dollar amount of contractor invoices;
(b) The supplies delivered and services performed;
(c) An assessment of the completion status of the work;
(d) An estimate of the number of jobs created and the number of jobs retained as a result of the Recovery Act funds;
(e) Names and total compensation of each of the five most highly compensated officers for the calendar year in which the contract is awarded; and
(f) Specific information on first-tier subcontractors.
