u/Snoo-51735 wrote (the comment Michael replied to):
Thanks, but the amounts granted are much less than $118M, is this an ongoing, long term thing?
u/michaelnovati replied · ★ FEATURED
Right, think of it like the IRS put $118M into a special bank account, and that account can be used to "buy things" over 5 years. Each time they want to buy something, the 5 recipients can offer their product. Like if they want 100 cars, each of the 5 can pitch the car they offer and the IRS chooses one.
If there is money left in the bank at the end it goes back and the account is closed.