Pay for success, collaboration among federal agencies would be helpful as governments explore new financing mechanisms : report to the Chairman, Committee on the Budget, U.S. Senate.

Format:

Book

Government document

Author/Creator:

United States. Government Accountability Office

Contributor:

United States. Congress. Senate. Committee on the Budget

Language:

English

Subjects (All):

Federal aid to public welfare--United States.

Federal aid to public welfare.

Public welfare--United States--Finance.

Public welfare.

Grants-in-aid--United States--Evaluation.

Grants-in-aid.

Human services--United States--Finance.

Human services.

Grants-in-aid--Evaluation.

Human services--Finance.

Public welfare--Finance.

United States.

Genre:

Online resources.

Physical Description:

1 online resource (iii, 80 pages) : color illustrations

Other Title:

Collaboration among federal agencies would be helpful as governments explore new financing mechanisms

Place of Publication:

[Washington, D.C.] : United States Government Accountability Office, 2015.

Summary:

Pay for Success (PFS) - also known as Social Impact Bonds - is a new contracting mechanism to fund prevention programs, where investors provide capital to implement a social service. If the service provider achieves agreed upon outcomes, the government pays the investor. PFS originated in the United Kingdom and now a small number of state and local governments in the United States are employing this method. The Government Accountability Office was asked to provide information on PFS, including how selected PFS projects have been structured and what potential benefits these projects can provide, how selected PFS contracts have been structured to address potential project risks, and the potential roles for the federal government. This report presents their findings and recommendations.

Notes:

"GAO-15-646."

Includes bibliographical references.

Online resource, PDF version; title from cover (GAO web site, viewed January 17, 2017).

OCLC:

922022771