The Recovery Accountability and Transparency Board has issued its quarterly report, outlining its efforts to prevent fraud, waste and abuse in the use of stimulus funds.
The funds, which were authorized by the American Recovery and Reinvestment Act of 2009, include federal funds for education, health care and entitlement programs; and $275 billion for federal contracts, grants and loans. Recipients of recovery funds are required to report quarterly on how they are using the money.
The report says that there are currently 147 active investigations into the use of stimulus funds. 43 cases have been accepted for prosecution and 5 were referred for alternative resolution.
The Board has also taken steps to improve the quality of the data reported on its website, Recovery.gov.