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Agenda - Council Work Session - 03/08/2022
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Agenda - Council Work Session - 03/08/2022
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Last modified
3/14/2025 2:19:34 PM
Creation date
3/9/2022 11:50:52 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
03/08/2022
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AAWA <br /> U.s. DEPARTMENT op THE TREASURY <br /> � For all recipients except for Tribal governments: Noextraordinaryconthbudonstoapens/on <br /> fund for the purpose of reducing an accrued, unfunded liability. <br /> ~ For all recipients: No payments for debt service and replenishments of rainy day funds; no <br /> satisfaction of settlements and judgments; no uses that contravene or violate the American <br /> Rescue Plan Act, Uniform Guidance conflicts of interest requirements, and other federal,state, <br /> and local laws and regulations. <br /> Under the SLFRF program,funds must be used for costs incurred on or after March 3, 2021. Further, <br /> funds must be obligated by December 31, 2024, and expended by December 31, 2026. This time period, <br /> duringwhbhoecipientscanexpendSLFRFfunds, isthe °periodofperformance." <br /> In addition to SLFRF, the American Rescue Plan includes other sources of funding for state and local <br /> governments, including the Coronavirus CapJtal Projects Fund to fund critical capital investments <br /> including broadband infrastructure;the Homeowner Assistance Fund to provide relief for our country's <br /> most vulnerable homeowners;the Emergency Rental Assistance Program to assist households that are <br /> unable to pay rent or utilities; and the to fund small business credit <br /> expansion initiatives. Eligible recipients are encouraged to visit the Treasury vvebsite for more <br /> information. <br /> Corona^irus State&Local Fiscal Recovery Funds:Overview of the Final Rule <br /> U.S. Department q/the Treasury 8 <br />
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