USE OF FISCAL RECOVERY FUNDS. a. The State, through the Division, will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make an initial disbursement to the non-entitlement 1 xxxxx://xxx.xxxxxxxxxxx.xxx/document/TREAS-DO-2021-0008-0002 | Federal Register, Vol. 86, Xx. 00, Xx. 00000 (“Federal Register”) unit of local government of 50% of the total amount allocated to the non-entitlement unit.2 Not earlier than 12 months from the date upon which the State makes the initial disbursement, the Secretary is expected to release the Second Tranche amount to the State. The State will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make a second disbursement to the non-entitlement unit of local government. b. Recipients may use payments for any expenses eligible under ARPA Coronavirus State and Local Fiscal Recovery Funds. Payments are not required to be used as the source of funding of last resort. c. ARPA requires that Fiscal Recovery Funds may only be used to cover expenses incurred by the non- entitlement unit of local government by December 31, 20243, such as: i. to respond to the public health emergency with respect to COVID-19 or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality; ii. to respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of the non-entitlement unit of local government that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work; iii. for the provision of government services to the extent of the reduction in revenue of such non- entitlement unit of local government due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the non-entitlement unit of local government; or iv. to make necessary investments in water, sewer, or broadband infrastructure. d. As specified in the Treasury Guidance, Eligible Use of Fiscal Recovery Funds falls under four categories, including (1) Public Health and Economic Impacts, (2) Premium Pay for Essential Workers, (3) Revenue Loss, and (4) Investments in Infrastructure.
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Samples: American Rescue Plan Act Agreement, Coronavirus Local Fiscal Recovery Fund Agreement, Coronavirus Local Fiscal Recovery Fund Agreement
USE OF FISCAL RECOVERY FUNDS. a. The State, through the Division, will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make an initial disbursement to the non-entitlement 1 xxxxx://xxx.xxxxxxxxxxx.xxx/document/TREAS-DO-2021-0008-0002 | Federal Register, Vol. 86, XxNo. 0093, XxPg. 00000 26786 (“Federal Register”) unit of local government of 50% of the total amount allocated to the non-entitlement unit.2 Not earlier than 12 months from the date upon which the State makes the initial disbursement, the Secretary is expected to release the Second Tranche amount to the State. The State will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make a second disbursement to the non-entitlement unit of local government.
b. Recipients may use payments for any expenses eligible under ARPA Coronavirus State and Local Fiscal Recovery Funds. Payments are not required to be used as the source of funding of last resort.
c. ARPA requires that Fiscal Recovery Funds may only be used to cover expenses incurred by the non- entitlement unit of local government by December 31, 20243, such as:
i. to respond to the public health emergency with respect to COVID-19 or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality;
ii. to respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of the non-entitlement unit of local government that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;
iii. for the provision of government services to the extent of the reduction in revenue of such non- entitlement unit of local government due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the non-entitlement unit of local government; or
iv. to make necessary investments in water, sewer, or broadband infrastructure.
d. As specified in the Treasury Guidance, Eligible Use of Fiscal Recovery Funds falls under four categories, including (1) Public Health and Economic Impacts, (2) Premium Pay for Essential Workers, (3) Revenue Loss, and (4) Investments in Infrastructure.
Appears in 3 contracts
Samples: Coronavirus Local Fiscal Recovery Fund Agreement, Coronavirus Local Fiscal Recovery Fund Agreement, Grant
USE OF FISCAL RECOVERY FUNDS. a. The State, through the Division, will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make an initial disbursement to the non-entitlement 1 xxxxx://xxx.xxxxxxxxxxx.xxx/document/TREAS-DO-2021-0008-0002 | Federal Register, Vol. 86, Xx. 00, Xx. 00000 (“Federal Register”) unit of local government of 50% of the total amount allocated to the non-entitlement unit.2 Not earlier than 12 months from the date upon which the State makes the initial disbursement, the Secretary is expected to release the Second Tranche amount to the State. The State will—within 30 days of receiving payment from the Secretary, or within such other time period as may be permitted by the Secretary—make a second disbursement to the non-entitlement unit of local government.
b. Recipients may use payments for any expenses eligible under ARPA Coronavirus State and Local Fiscal Recovery Funds. Payments are not required to be used as the source of funding of last resort.
c. ARPA requires that Fiscal Recovery Funds may only be used to cover expenses incurred by the non- entitlement unit of local government by December 31, 20243, such as:
i. to respond to the public health emergency with respect to COVID-19 or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality;
ii. to respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of the non-entitlement unit of local government that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;
iii. for the provision of government services to the extent of the reduction in revenue of such non- entitlement unit of local government due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the non-entitlement unit of local government; or
iv. to make necessary investments in water, sewer, or broadband infrastructure.. Draft
d. As specified in the Treasury Guidance, Eligible Use of Fiscal Recovery Funds falls under four categories, including (1) Public Health and Economic Impacts, (2) Premium Pay for Essential Workers, (3) Revenue Loss, and (4) Investments in Infrastructure.
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