• Section 1603 Renewable Energy Treasury Grant Program Update: IRS and OIG Audits and Sequestration Haircuts
  • October 23, 2012
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • Two recent developments may impact Section 1603 renewable energy Treasury grant program awards: (1) audits of grant recipients by the Internal Revenue Service (IRS) and Department of the Treasury‚Äôs Office of Inspector General (OIG); and (2) a possible 7.6% sequestration haircut on grant awards made after the end of this year. Advanced preparation and strategic timing can reduce the risk of these developments negatively impacting grant awards.