The Treasury Department released comprehensive guidance on the allowable uses of the Coronavirus Local Fiscal Recovery Fund in the American Rescue Plan Act on May 10th. Join the legislative team at the National League of Cities as they unpack the guidance and share resources and recommendations for municipal officials to utilize the funds appropriately.
Rewatch the call here and download the complementary resources.
Key Takeaways:
- Final allocations for Metropolitan cities (populations over 50k) have been released and they can begin requesting funds.
- Guidance for Non-Entitlement Units of Local Government (populations below 50K), including allocations and receiving instructions, is expected to be released in the coming days.
- Framework for Interim Rule are divided into three categories: non-exclusive lists of allowable expenditures, encouraged expenditures, and prohibited expenditures.
This call was originally broadcasted on May 12, 2021.
Federal Advocacy Update Call: Coronavirus Local Fiscal Recovery Fund Treasury Dept. Guidance
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