Treasury opens portal for counties to receive Fiscal Recovery Funds
On May 10, the U.S. Department of Treasury released guidance on the State and Local Coronavirus Fiscal Recovery Fund (Recovery Fund), part of the American Rescue Plan Act. The bill includes $65.1 billion in direct, flexible aid to every county in America, as well as other crucial investments in local communities. Additionally, the U.S. Treasury opened the new portal that counties must complete to receive Fiscal Recovery Funds.
Since the package was signed into law, NACo has been supporting the U.S. Treasury’s efforts to successfully implement the Recovery Fund. 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, investments in housing and neighborhoods and other guidance counties advocated for.
NACo will release an in-depth analysis of Treasury’s new guidance in the coming days.
Resource
COVID-19 Recovery Clearinghouse
Related News
In Memoriam: Unfunded mandate reform bill sponsor Dirk Kempthorne
As a freshman senator, Dirk Kempthorne passed a law making it more difficult for Congress to impose the costs of mandates on state and local governments.
New Law Brings Long-Sought Transparency to FEMA Disaster Reimbursements
A new federal law requires FEMA to publish a publicly accessible, interactive dashboard tracking all Public Assistance reimbursement requests, giving counties unprecedented visibility into disaster recovery funding.
Reflections on federalism at America 250
NACo CEO Matt Chase: "Counties are where federal and state policy stops being policy and starts being real. We are not a delivery mechanism for decisions made elsewhere. We are where American governance actually lives."