Last week, the U.S. Department of Treasury issued an interim final rule implementing the Coronavirus State and Local Fiscal Recovery Funds established under the American Rescue Plan Act of 2021. The funds provide $350 billion in emergency funding for eligible state, local, territorial, and tribal governments.
CHA has issued a detailed summary of the Treasury Department guidance on how the funds can be used, including to support public health, address disparities in outcomes, address negative economic impacts related to COVID-19, provide premium pay, replace lost public sector revenue, and invest in infrastructure. The summary also outlines impermissible uses of the funding.
Questions about the Coronavirus State and Local Fiscal Recovery Funds should be directed to Chad Mulvany, vice president of federal policy, at [email protected].