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U.S. DEPARTMENT OF THE TREASURY <br /> Introduction <br /> The Coronavirus State and Local Fiscal Recovery Funds(SLFRF), a part of the American Rescue Plan, <br /> delivers$350 billion to state, local, and Tribal governments across the country to support their response <br /> to and recovery from the COVID-19 public health emergency.The program ensures that governments <br /> have the resources needed to: <br /> " Fight the pandernic and support families and businesses struggling with its public health and <br /> economic impacts, <br /> ° Maintain vital public services, even amid declines in revenue, and <br /> ° Build a strong, resilient, and equitable recovery by making investments that support long-term <br /> growth and opportunity. <br /> EARLY PROGRAM IMPLEMENTATION <br /> In May 2021,Treasury published the Interim final rule (IFR) describing eligible and ineligible uses of <br /> funds(as well as other program provisions),sought feedback from the public on these program rules, <br /> and began to distribute funds.The |FR went immediately into effect in May, and since then, <br /> governments have used SLFRF funds to meet their immediate pandernic response needs and begin <br /> building a strong and equitable recovery,such as through providing vaccine incentives, development of <br /> affordable housing, and construction of infrastructure to deliver safe and reliable water. <br /> As governments began to deploy this funding in their communities,Treasury carefully considered the <br /> feedback provided through its public comment process and other forums.Treasury received over 1,500 <br /> comments, participated-in hundreds of meetings, and received correspondence from a wide range of <br /> governments and other stakeholders. <br /> KEY CHANGES AND CLARIFICATIONS |N THE FINAL RULE <br /> The final rule delivers broader flexibility and greater simplicity in the program, responsive to feedback in <br /> the comment process.Among other clarifications and changes,the final rule provides the features <br /> below. <br /> Replacing Lost Public Sector Revenue <br /> The final rule offers a standard allowance for revenue loss of up to$10 million, allowing recipients to <br /> select between a standard amount of revenue loss or complete a full revenue loss calculation. <br /> Recipients that select the standard allowance may use that amount—in many cases their full award—for <br /> government services, with streamlined reporting requirements. <br /> Public Health and Economic Impacts <br /> In addition to programs and services,the final rule clarifies that recipients can use funds for capital <br /> expenditures that support an eligible COVID-19 public health or economic response. For example, <br /> recipients may build certain affordable housing, childcare facilities,schools, hospitals, and other projects <br /> consistent with final rule requirements. <br /> [or novirusStoup&Loco/Rsco/RecoveryFunds/Oven/iemqƒrhe Final Rule <br />