Alerts5.17.21

U.S. Department of Treasury Announces $350 Billion in Coronavirus State and Local Recovery Funds

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Through the CARES Act’s Coronavirus State and Local Fiscal Recovery Funds, $350 billion in emergency funding will be provided soon to state, local, territorial, and tribal governments 

The U.S. Department of the Treasury announced the distribution of Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021 to provide $350 billion in emergency funding for state, local, territorial, and tribal governments. In tandem, the Treasury Department implemented an online portal for eligible state local governments and tribes to access stimulus funding and also released operational guidance governing use of the funds.

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