Overview of Treasury’s new guidance for ARPA State and Local Fiscal Recovery Fund obligation definition
Virtual Event | On-Demand Recording
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On November 9, the U.S. Department of Treasury (Treasury) unveiled the "Obligation Interim Final Rule" (Obligation IFR) that provides counties and other State and Local Fiscal Recovery Fund (SLFRF) recipients with clarification and flexibilities as it relates to the definition of "obligation" provided through Treasury's Final Rule, published in January 2022. Under the new Obligation IFR, Treasury outlines specific costs that can be covered during the December 31, 2024 obligation deadline and December 31, 2026 expenditure deadline, including limitations around payroll expenses and re-obligation of funds. Join NACo and partners from Treasury’s Office of Recovery Programs for an overview of the new Obligation IFR and how counties will be impacted.
Updated NACo Analysis: Overview of U.S. Treasury's Final Rule for ARPA Fiscal Recovery Fund
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