Coronavirus State and Local Fiscal Recovery Funds, through the American Rescue Plan, will deliver $350 billion to eligible state, local, territorial, and Tribal governments to help them respond to the COVID-19 pandemic.
The Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each government to meet local needs. Funds can be used to:
- Support public health expenditures
- Address negative economic impacts caused by the public health emergency
- Replace lost public sector revenue
- Provide premium pay for essential workers
- Invest in water, sewer, and broadband infrastructure
Eligible government agencies may request Coronavirus State and Local Fiscal Recovery Funds at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/state-and-local-fiscal-recovery-fund/request-funding.
Unlike most grant funding, Coronavirus State and Local Fiscal Recovery Funds are not subject to the requirements of the Federal regulations with regard to interest payments. Therefore, recipients are not required to maintain balances in interest-bearing accounts and to remit the interest payments. Among other things, recipients may use the earned income to cover the program's administrative expenses. However, recipients of ARPA funding should still separately track these funds to ensure that they are properly spent on the eligible expenses. The Treasury Department released a Coronavirus State and Local Fiscal Recovery Funds FAQ document, which provides additional guidance on this funding.
For questions or assistance with Coronavirus State and Local Fiscal Recovery Funds, please complete the form below.
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