cares act funding for state and local governments

The purpose of this document is to provide guidance to recipients of the funding available under section 601(a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). AUDIO: Local government regarding CARES Act expenditures and LPHAs (August 21, 2020) AUDIO: Local government call with U.S. Department of Treasury regarding CARES Act expenditures guidance (June 19, 2020) DHSS CARES Act Funding Toolkit for Local Governments; CARES ACT Funding Opportunities for Recovery Guidance for Local Governments (Source: DED) CRF was distributed to state, local, and tribal governments, while PRF was distributed directly to entities from the Health Resource Service Administration. The $2 trillion aid package provides financial aid in the form of direct payments to eligible taxpayers, expanded unemployment insurance, expanded lending for businesses and local governments, new loans and grants for small See the section dedicated to “CARES Act and Federal Stimulus.” Washington State Department of Commerce. Treasury guidance, the state and federal laws and guidance supersede this document. Under the CARES Act a “Small Business” grants program can be established by local governments to help mitigate the losses that small businesses have incurred as a direct result of the emergency public health declarations and stay-at-home orders. Department of Treasury guidance and FAQs cited are in quotations. Local governments are putting their faith in … The pivotal role local governments have in fighting this pandemic is a fact reflected in the provisions of the CARES Act to support state and local governments. ; Clear Creek County, Colorado, provides a lifeline to businesses and individuals in dire need. Here is a breakdown of the CARES Act and associated grant funding for local governments and communities The CARES Act provides $150 billion for a Coronavirus Relief Fund to make payments to states, tribal governments, and direct payments to some, very large units of local government within 30 days of the enacted date. COVID-19. In March 2020 the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $150 billion to states and local government but … The federal Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) includes funds for Massachusetts governments to use to pay costs incurred in responding to the COVID-19 outbreak. Within a state, only “units of local governments” with populations that exceed 500,000 are eligible to receive direct funding from the federal government as a portion of the State’s allocation. Thus, positive credit implications are likely limited to credits on Negative Outlook where funding of near-term deficits is a concern. Local Government Coronavirus Relief Funds Local governments will receive their funding directly from the Treasury. HELENA — The COVID-19 pandemic response has been a costly endeavor at all levels of government. 100% reimbursement to state governments with existing STC programs and a 50% reimbursement for states that establish a new STC program. Request Payment from the CRF – Local Governments. Under the CARES Act a “Small Business” grants program can be established by local governments to help mitigate the losses that small businesses have incurred as a direct result of the emergency public health declarations and stay-at-home orders. The Act, running more than 800 pages, is complex and expansive. State of Georgia government websites and email systems use “georgia.gov” or “ga.gov” at the end of the address. Coronavirus Relief Funds (CRF) for Local Governments. $850 million: DOJ Grants to State and Local Governments This funding supports criminal justice efforts of states and localities including overtime for officers, PPE, and supplies for inmates in jails. For example, the CARES Act established the Coronavirus Relief Fund, which gave $150 billion to state and local governments to (among other things) establish grant programs to help businesses impacted by the COVID-19 pandemic.4 The IRS has made clear that these state and local grants to businesses are taxable income. Here’s a breakdown of CARES act funding, important resources for local governments, and examples of how cities and counties are using CARES to serve citizens with software and technology. Unfortunately, the CARES Act currently requires that the CRF funds be expended by December 30th, 2020. CARES Act. Corona Virus Relief Fund (the “Fund”) provides at least $1.25 billion to each state. Total state and local share under the CARES Act: $4.53 billion The state retains the remaining 55 percent associated with this population ($946 million) In total, the state government is eligible for about $3.76 billion and local governments get $775 million The diagram below illustrates this concept. The $150 billion Coronavirus Relief Fund for state and local governments is likely to be included in the SEFA, but the federal government has not confirmed this. In the event of a conflict between this document and state law, federal law, or U.S . The CARES Act establishes a $500 billion loan program accessible by cities, states, and businesses, while also providing for more than $250 billion in direct funding to state and local governments. CARES Act funding depleted; state and local governments awaiting guidance on new federal COVID funds. Ultimately, this is all about compliance: you Title V of the CARES Act created the Coronavirus Relief Fund ("CRF") to provide financial resources to state and local governments. The purpose of this document is to provide guidance to recipients of the funding available under section 601(a) of the Social Security Act, as added by section 5001 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES 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 CARES Act provides for payments to State, Local, and Tribal governments navigating the impact of the COVID-19 outbreak. The heart of the CARES Act’s aid to state and local governments is the $150 billion Coronavirus Relief Fund. ... CARES Act Funding Eligibility Q&A - 8/21/2020. Funding is allocated based on … Besides the obvious health issues and concerns, this pandemic effected a significant negative economic impact on our country and State. The CARES Act established and appropriated funds for the Coronavirus Relief Fund (CRF) and the Provider Relief Fund (PRF). Under the CARES Act, the Fund is to be used to make payments for specified uses to States and certain local governments; the District of Columbia and U.S. Each local government’s share will depend on its proportion of the total state population. funding specifically for state and local governments, it did extend the deadline to Dec. 31, 2021, for recipients to use their original CARES Act funding. This will revert back to 75% Federal/12.5% State/12.5% Local after December 30, 2020. Local Government The CARES Act and Technology: A Guide for Local Government. Lewis and Clark Public Health (LCPH) alone has already spent more than $1 million responding to the public health crisis. The IRS has made clear that these state and local grants to businesses are taxable income. - Transition Relief was available in 2014 and 2015 for some provisions of the Affordable Care Act. Funding will be disbursed to counties with populations below 500,000 Tallahassee, Fla. – Today, Governor Ron DeSantis announced the State of Florida’s plan to disburse up to $1.275 billion in CARES Act funds to counties with a population below 500,000. For specific questions about eligible expenditures, please refer to the NC Office of State Budgeting and Management website . State and local governments could transfer funds to private nonprofit groups, public benefit corporations involved in passenger or cargo transportation, and special-purpose units of state or local governments. This includes purchases of personal protective equipment and other necessary medical items, and it … Permitted Uses of Funds CARES includes $850 million for the Byrne-Justice Assistance Grant Program which allows state and local police agencies and jails to meet local needs. Coronavirus Relief Fund Guidance for State, Territorial, Local, and Tribal Governments. This Act was passed by Congress with overwhelming, bipartisan support and signed into law March 27, 2020. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Trump on March 27, 2020, provided $45 billion for a Disaster Relief Fund for the immediate needs of state, local, tribal and territorial governments to protect citizens and help them respond and recover from the overwhelming effects of COVID-19.

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