GAO study on innovative financing

Not later than 1 year after the date of enactment of this Act, the Comptroller General of the United States shall conduct a study to identify— (1) financial and procurement mechanisms currently available to public and private entities to fund smart city or community activities and associated demonstration projects, including pay for performance financing that could deliver measurable and verifiable market and non-market values to smart cities or communities; (2) new and innovative financial and procurement mechanisms under development or used experimentally that may be available, in the near term, to public and private entities to fund smart city or community activities and associated demonstration projects; (3) barriers to creative financing solutions for smart city or community activities and associated demonstration projects, including procurement barriers faced by State and local governments; and (4) ways to leverage private sector investments in smart cities and communities.