The first has already been set in motion, while the second is expected to be sent during the Spring/Summer of 2022. US Treasury Releases More Guidance on ARPA Funds. The United States Treasury has issued comprehensive guidance for the use of $350 billion in aid appropriated to state and local governments in the American Rescue Plan Act (ARPA). ARPA Pre-Award Guidance. Take Time and Careful Consideration. ARPA funds will be issued in two tranches to local governments. Throughout the years of outlays, and until the end of calendar year 2024, consider how the funds may be used to address rescue efforts and lead to recovery. ARPA Treasury Guidance Begins to Rollout. Treasury officials consider ARPA funds as a federal grant program, which results in significant compliance and reporting structures. ARPA specifically permits recipients to use FRF for water, wastewater and broadband projects and the Treasury guidance opens the door to affordable housing investments. L. 117-2, 135 Stat. The new web page features additional information on how these cities apply for funding through the states, provides regulatory documents, and answers additional frequently asked questions (FAQs). 4 (March 11, 2021), American Rescue Plan Spending: Recommended Guiding Principles. Notice 2021-31 This notice provides guidance on the application of § 9501 of the American Rescue Plan Act of 2021 (the ARP), Pub. Monday, April 19, 2021. On May 10, 2021, the U.S. Department of Treasury issued its guidance for qualified uses of the $350 billion Local Fiscal Recovery Funds (LFRF) included in the American Rescue Plan Act (ARPA) which gives a clearer picture of how these funds can and can’t be spent. As of May 14, 2021 . Non-entitlement units, defined in section 603(g)(5) of the Social Security Act, as added by the American Rescue Plan Act, are generally local governments with populations of less than 50,000. The U.S. Department of the Treasury released on Monday additional information for non-entitlement cities related to the American Rescue Plan Act (ARPA). The full details of this provision, and the entire ARPA, will not be clear until Treasury Secretary Janet Yellen issues the Treasury Guidance, or regulations, which are required to be published within 60 days of the bill being enacted into law. Recipients will also be able to use FRF to address revenue losses attributable to reductions in economic activity due to COVID-19. ASCE applauds Treasury’s efforts to provide much needed guidance on how ARPA state and local relief funds can be spent across our state and local governments. ARPA Treasury Guidance Begins to Rollout. Replenishing unemployment trust funds to pre-pandemic levels is one of a host of allowable uses for the latest round of federal relief funds, according to new U.S. Treasury guidelines. The American Rescue Plan Act of 2021 (ARPA) provides a substantial infusion of resources to eligible state, local, territorial, and tribal governments to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery. Earlier this week, the US Department of the Treasury (Treasury) issued formal guidance regarding the administration of the American Rescue Plan Act of 2021 (ARPA) claw-back provision. On April 15, 2021, the U.S, Department of the Treasury (Treasury) released its first guidance on the certification process for counties to receive their allocation from the American Rescue Plan Act (ARPA). On May 17, 2021, the U.S. Department of the Treasury officially published an Interim Final Rule to provide long-awaited guidance on the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund (“the Fiscal Recovery Funds”) established under the American Rescue Plan Act (“ARPA”). Today, the U.S. Treasury issued an interim final rule on the $350 billion in State and Local Fiscal Recovery Funds provided under the American Rescue Plan Act (ARPA). The U.S. Department of the Treasury released guidance on May 10, 2021, that included information about eligible uses, ineligible uses, allocations for Metropolitan cities, reporting requirements for Metropolitan cities, and receiving guidelines for Metropolitan cities. It is expected that further clarity will be provided in the near term, and additional resources are included below: Interim Rule (as of May 10, 2021) Fact Sheet. The US Department of the Treasury has released its first official guidance on use of funds from the American Rescue Plan – including resources for state and local governments slated to manage local … Earlier this week, the US Department of the Treasury (Treasury) issued formal guidance regarding the administration of the American Rescue Plan Act of 2021 (ARPA) claw-back provision. Supporting the public health response 2. Latest Guidance on Tribal Funding Under ARPA Released by Treasury . In response to the concerns of the attorneys general, Treasury Secretary Yellen stated that Section 9901 does not “deny States the ability to cut taxes in any manner whatsoever” and only prohibits the federal funds from being used to offset revenue reductions caused by certain changes in state law. The Coronavirus State and Local Fiscal Recovery Funds program, authorized by ARPA, seeks to help turn the tide on the … The U.S. Department of the Treasury issued its long-awaited interim final rule on use of American Rescue Plan Act (ARPA) funding on May 10, 2021. PRE-AWARD REQUIREMENTS (UPDATED 4/15/2021)Prior to the formal launch of the Coronavirus State and Local Fiscal Recovery Funds Program, those entities that are eligible to … Treasury Releases ARPA Guidance, Allocations. Following the approval of the American Rescue Plan Act (ARPA) in March 2021, the U.S. Department of the Treasury has now issued Interim Guidance on the distribution of Coronavirus State and Local Fiscal Recovery Funds (31 CFR Part 35). ARPA payments for states, counties, metropolitan cities, and NEUs will be distributed in two tranches or segments. This analysis provides an in-depth overview of the key provisions within the interim final rule, with a specific focus on how each of these items may impact county governments. ARPA Treasury Guidance Guidance is divided into 7 areas which provide guidelines and principles for determining the types of programs and services this funding can support. Treasury Issues Long-Awaited Guidance on ARPA Funding and FRF. The guidance will be provided prior to the date states are required to submit the certification required by ARPA Section 9901. Treasury also launched an online portal that these governments may use to request their allocation. The “covered period” is defined as the period beginning March 3, 2021, and extending until the last day of the fiscal year that the funds provided pursuant to ARPA have been expended, returned or recovered. The U.S. Department of Treasury has released guidance for states on distributing American Rescue Plan Act funding to non-entitlement communities (NEUs), which includes all but eight Michigan townships. Local governments that are not included in theAllocation for Metropolitan Citiestable may be designated as non-entitlement units. The COVID-19 crisis starkly illuminated key shortcomings – and inequalities … For policymakers interested in tax reform, Treasury’s interim rule cleared the pathway for some productive uses of coronavirus federal aid dollars, closed off other productive uses, and left still other options … Treasury releases guidance on certification for ARP Fiscal Recovery Funds New Treasury guidance outlines immediate steps counties should take to receive Recovery Funds. 1 Premium Assistance for COBRA Benefits . The U.S. Department of the Treasury is responsible for distributing this unprecedented program, and they are currently developing methods and guidance for the allocation and oversight process. NLC is sharing information about municipal allocations by state and city leaders’ questions with the Treasury. May 11, 2021 by State House News Service. Most astonishingly, the rule may functionally prohibit states from offsetting net tax cuts through … FAQs. Prior to the briefing, Treasury and the White House offered a Fact Sheet that outlined many of the highlights found within the 150 page guidance document and accompanying initial FAQ.These documents are meant to assist states and local units of government with eligible expenditure opportunities for the stimulus funds. The letter promises further guidance from the Treasury Department to address specific concerns raised by the attorneys general and provide details on the administration of the recoupment of federal funds. Serving the hardest hit communities/families 4. The Rule became effective on May 17, 2021. Treasury provided new information on May 27 about eligible uses of the funds and how local governments should assess their revenue loss. The U.S. Department of the Treasury has issued pre-award guidance for state and local governments with regard to American Rescue Plan Act (ARPA) funds. 602(c)(1) and 603(c)(1) : Considerations: The primary difference between the two ARPA sections is that Section 602 refers to State, Territories, and Tribal Governments, and Section 603 pertains to metropolitan cities, non-entitlement units of local government, and counties. Replacing lost public sector revenue 5. According to the Treasury, here is the process for states to request, receive and distribute NEU funding: … The U.S. Treasury established award amounts based on the size of the population of each NEU. Treasury Issues Long-Awaited Guidance on ARPA Funding and FRF. Non-entitlement units will receive Coronavirus State and Local Fiscal Recovery Funds through their state governments. The U.S. Department of Treasury has opened a portal for cities and counties to apply for Coronavirus State and Local Fiscal Recovery Funds authorized by the American Rescue Plan Act. Signed into law on March 11, 2021, The American Rescue Plan Act of 2021 (“ARPA”) provides $350 billion in additional funding for state and local governments. The U.S. Department of the Treasury released on Monday long-awaited guidance and allocation figures for state, tribal, and local governments as part of the American Rescue Plan Act (ARPA). Structured administration of funds. 1. New ARPA Guidance Available From US Treasury. The United States Treasury Department on May 7, 2021, released the first batch of guidance on how local, state, tribal and territory governments can use the $350 M in American Rescue Program Act (ARPA) funds. Addressing the negative economic impacts of the PHE 3. Treasury also released guidance and an interim final rule on how the funds may be used.. To help local leaders navigate this new information, ICMA will host a webinar on Monday, May 17, featuring a team … Share this page. Later this year, Treasury will release separate guidance for the $1.5 billion in additional federal aid for public lands counties under Sec. Treasury’s ARPA guidance provides flexibility, focus on equity Home → News → Local Aid and Finance Since releasing its initial guidance for the State and Local Fiscal Recovery Funds included in the American Rescue Plan Act, the U.S. Department of the Treasury continues to provide details that are bringing clarity to the program and its local uses. Capital Projects Fund. Hot off the Press: New Treasury Guidance on ARPA Funding. The guidance (Interim Final Rule) provides that the claw-back provision is triggered when there is a reduction in net tax revenue caused by changes in law, regulation or interpretation, and the state cannot identify … The rule resolves several important questions but continues to involve the federal government in state finances at an extraordinary level. Department of the Treasury Interim Final Rule Guidelines Primary Uses for ARPA Funds (Per Sec. The US Treasury Department released guidelines today to state and local governments for how they can use funds provided by the American Rescue Plan Act (ARPA) — the COVID-19 stimulus package passed by Congress in March. The Department of Treasury guidance follows the launch of the Coronavirus State and Local Fiscal Recovery Funds, $350 billion in emergency funding authorized by the ARPA, which will be available directly to state, local, territorial, and Tribal governments in the coming days. The U.S. Department of Treasury updated its FAQs document related to the American Recovery Plan Act (ARPA) Coronavirus Local Fiscal Recovery Funds on May 27. American Rescue Plan Act provide federal aid to local governments. Guidance information, including the Interim Final Rule can be found here. Treasury Guidance Offers Wide Latitude for ARPA Funds. The United States Treasury Department on May 7, 2021, released the first batch of guidance on how local, state, tribal and territory governments can use the $350M in American Rescue Program Act (ARPA) funds. Please click here for GFOA’s analysis of ARPA. 605 of ARP. State governments will receive a specific allocation of these funds fro… On May 10, 2021, the U.S. Department of the Treasury (“Treasury”) issued an Interim Final Rule to provide long-awaited guidance on the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund (“the Fiscal Recovery Funds”) established under the American Rescue Plan Act (“ARPA”). The US Department of the Treasury today released a revised Frequently Asked Questions document that provides clarification on eligible expenses and reporting requirements for the Coronavirus State and Local Fiscal Recovery Fund (Recovery Fund). Cities will need to track and retain the types of data required by the order and additional guidance to prove an accurate report of the use of the funds.