[ad_1]
The American Rescue Plan will deliver $350 billion for eligible state, local, territorial, and Tribal governments to respond to the COVID-19 emergency and bring back jobs.
The Coronavirus State and Local Fiscal Recovery Funds provide a substantial infusion of resources to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery.
Table of Contents
Funding Objectives
Treasury is launching this much-needed relief to:
- Support urgent COVID-19 response efforts to continue to decrease spread of the virus and bring the pandemic under control
- Replace lost revenue for eligible state, local, territorial, and Tribal governments to strengthen support for vital public services and help retain jobs
- Support immediate economic stabilization for households and businesses
- Address systemic public health and economic challenges that have contributed to the inequal impact of the pandemic
The Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each government to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the communities hardest hit by the crisis. These funds can also be used to make necessary investments in water, sewer, and broadband infrastructure.
Concurrent with this program launch, Treasury has published an Interim Final Rule that implements the provisions of this program.
How to Request Funding
Eligible state, territorial, metropolitan city, county, and Tribal governments may now request their allocation of Coronavirus State and Local Fiscal Recovery Funds through the Treasury Submission Portal.
Funding Amounts
Congress has allocated Coronavirus State and Local Fiscal Recovery Funds to tens of thousands of eligible state, local, territorial, and Tribal governments. These allocations include:
| Type | Amount ($ billions) |
|---|---|
| States & District of Columbia | $195.3 |
| Counties | $65.1 |
| Metropolitan Cites | $45.6 |
| Tribal Governments | $20.0 |
| Territories | $4.5 |
| Non-Entitlement Units of Local Government | $19.5 |
Treasury will distribute funds to eligible state, territorial, metropolitan city, county, and Tribal governments.
Eligible local governments that are classified as non-entitlement units should expect to receive this funding through their applicable state government. Non-entitlement units are generally local governments with populations of less than 50,000.
Jurisdictions classified as non-entitlement units cannot receive this funding directly from Treasury and should not request funding through the Treasury Submission Portal.
Allocation Information
Treasury has published detailed allocation information for the Coronavirus State and Local Fiscal Recovery Funds:
Additional information regarding allocations for non-entitlement units and Tribal governments may be found below.
Non-Entitlement Units
Funding amounts for non-entitlement units are presently available only in aggregate at the state level. Treasury expects to provide further guidance on distributions to non-entitlement units in the coming days.
Additional Information on Non-Entitlement Units
Tribal Governments
The Coronavirus State Fiscal Recovery Fund will provide $20 billion to support Tribal governments.
Additional Information for Tribal Governments
To protect the privacy of Tribal government information, each Tribal government will receive its allocation amount after submitting its request for funding in the Treasury Submission Portal.
Tranching of Funds
Local governments will receive funds in two tranches, with 50% provided beginning in May 2021 and the balance delivered approximately 12 months later. States that have experienced a net increase in the unemployment rate of more than 2 percentage points from February 2020 to the latest available data as of the date of certification will receive their full allocation of funds in a single payment; other states will receive funds in two equal tranches. Governments of U.S. territories will receive a single payment. Tribal governments will receive two payments, with the first payment available in May and the second payment, based on employment data, to be delivered in June 2021.
More detailed information about funding amounts can be found in the allocation tables above.
Additional Information on Split Payments to State Governments
Use of Funds
The Coronavirus State and Local Fiscal Recovery Funds provide eligible state, local, territorial, and Tribal governments with a substantial infusion of resources to meet pandemic response needs and rebuild a stronger, and more equitable economy as the country recovers. Recipients may use these funds to:
- Support public health expenditures, by, for example, funding COVID-19 mitigation efforts, medical expenses, behavioral healthcare, and certain public health and safety staff
- Address negative economic impacts caused by the public health emergency, including economic harms to workers, households, small businesses, impacted industries, and the public sector
- Replace lost public sector revenue, using this funding to provide government services to the extent of the reduction in revenue experienced due to the pandemic
- Provide premium pay for essential workers, offering additional support to those who have and will bear the greatest health risks because of their service in critical infrastructure sectors
- Invest in water, sewer, and broadband infrastructure, making necessary investments to improve access to clean drinking water, support vital wastewater and stormwater infrastructure, and to expand access to broadband internet
Within these overall categories, recipients have broad flexibility to decide how best to use this funding to meet the needs of their communities.
Interim Final Rule
Funding from the Coronavirus State and Local Fiscal Recovery Funds is subject to the requirements specified in the Interim Final Rule adopted by Treasury on May 10, 2021.
This document has been submitted to the Office of the Federal Register (OFR) for publication and is currently pending placement on public display at the OFR and publication in the Federal Register. The document may vary slightly from the published document if minor editorial changes have been made during the OFR review process. Upon publication in the Federal Register, the regulation can be found at www.federalregister.gov, www.regulations.gov, and at www.treasury.gov. The document published in the Federal Register is the official document.
Treasury encourages state, local, territorial, and Tribal governments, as well as other stakeholders, to submit public comments on the Interim Final Rule.
FOR MORE INFORMATION
For general questions about this program, please email [email protected].
Prior Program Updates
Pre-Award Requirements (April 15, 2021)
[ad_2]
Source link
