Government Waste Corrections Act of 2000

[AI summary unavailable — showing source text] Government Waste Corrections Act of 1999 - Requires each Federal executive agency to: (1) conduct recovery audits with respect to each payment activity of the agency that expends $10 million or more annually (permits an agency to conduct such audits for any other payment activity); (2) give priority to the most recent payments; and (3) implement such recovery audit requirement in a manner ensuring the greatest financial benefit to the Government. Permits agencies to conduct such audits directly, by procuring performance of such audits by contract, or by any combination thereof. Sets forth agency authorities with respect to recovery audits procured by contract. Provides for agencies to include in such contracts a requirement that the contractor: (1) provide reports on conditions giving rise to overpayments and recommendations on how to mitigate such conditions; and (2) notify the agency of any overpayments. Allows the Director of the Office of Management and Budget to exempt any agency payment activity if conducting recovery audits for that activity would not be practical or cost-effective. Requires the Director to designate no fewer than five recovery audit model programs for the p…