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U.s. DEPARTMENT oF THE TREASURY <br /> REPORTING,C3KxPLIANCE&RECOUPMENT <br /> Recipients are required to comply with Treasury's Compliance and Reporting Guidance,which includes <br /> submitting mandatory periodic reports toTreasury. <br /> Funds used in violation of the final rule are subject to remediation and recoupment.As outlined in the <br /> final rule,Treasury may identify funds used in violation through reporting or other sources. Recipients <br /> will be provided with an initial written notice of recoupment with an opportunity to submit a request for <br /> reconsideration before Treasury provides a final notice ofrecoupment. |f the recipient receives aninitial <br /> notice of recoupment and does not submit a request for reconsideration,the initial notice will be <br /> deemed the final notice.Treasury may pursue other forms of remediation and monitoring in conjunction <br /> with, orasan alternative toy recoupment. <br /> REVISIONS TO THE OVERVIEW C]F THE FINAL RULE: <br /> ° January 18, 2U22 (p. 4, p. 16): Clarification that the revenue loss standard allowance |s "up toy) <br /> $10 million under the Replacing Lost Public Sector Revenue eligible use category; addition of <br /> further information on the eligibility ofgeneral infrastructure, genera( economic development, <br /> and worker development projects under the Public Health and Negative Economic Impacts <br /> eligible use category. <br /> Comnovirus State&Local Fiscal RacoveryR'nds/OvemiewnftheFinalRule <br />