On May 10, the U.S. Department of the Treasury released guidance on the State and Local Coronavirus Fiscal Recovery Fund enacted as part of The American Rescue Plan Act. This recovery fund provides approximately $350 billion in new federal fiscal assistance for sub-federal governments, including $195.3 billion for states and the District of Columbia. In addition to this guidance, the Treasury opened the Treasury Submission Portal where eligible state, territorial, metropolitan city, county and tribal governments may now request their allocation of the State and Local Coronavirus Fiscal Recovery Fund.
To learn more about Treasury guidance and how to request funds in an analysis conducted by The Council of State Governments, please CLICK HERE.