U.S. Treasury Opens Portal for Fiscal Recovery Funds
The ACEDC is excited to announce on behalf of the US Treasury that ARPA funding dedicated to county and local governments is now ready to be given out. Read more from the Buckeye Hills Regional Council’s announcement:
“The U.S. Department of the Treasury, on May 10, launched the $362 billion Coronavirus State and Local Fiscal Recovery Funds, part of the American Rescue Plan Act of 2021 that was signed into law by President Biden on March 11. This is an important step in enabling local governments to make necessary investments in their communities.
The legislation includes $65.1 billion in direct, flexible aid to counties and local governments, as well as other crucial investments. The State and Local Coronavirus Fiscal Recovery Fund legislation is the largest direct federal investment in county and local governments in history.
Included in the guidance is the flexibility to use Recovery Funds to invest in broadband infrastructure, services and programs to contain and mitigate the spread of COVID-19, including capital investments in public facilities, payroll and covered benefits expenses for public health, health care, human services, public safety and similar employees, investments in housing and neighborhoods, and other guidance.”
Resources:
U.S. TREASURY RESOURCES:
Coronavirus State and Local Fiscal Recovery Funds Landing Page
Interim Rule for Final Guidance
Quick Reference Guide: Example Uses of Funds
OHIO OFFICE OF BUDGET AND MANAGEMENT:
American Rescue Plan Local Fiscal Recovery Fund Pre Award Information
OHIO AUDITOR OF STATE:
NATIONAL ASSOCIATION OF COUNTIES:
State and Local Coronavirus Fiscal Recovery Funds Resources
