Common Contracts
1 similar Cares Act Funding Agreement contracts
Subject: CARES Act Funding Agreement between SMART and City of TroyCares Act Funding Agreement • October 1st, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides grant opportunities to organizations that have been financially impacted by the pandemic. The Suburban Mobility Authority for Regional Transportation (SMART) received an allocated amount of CARES Act funds to assist in the loss of revenue that occurred since the pandemic began. The funds will allow SMART to recoup these losses and allow the organization to continue providing transportation in spite of the decline in revenue caused by lower ridership and free fares. SMART decided to extend a portion of these funds with its community partners. The CARES Act funding may be used for expenses incurred on or after January 20, 2020 to prevent, prepare for and/or respond to the COVID-19 pandemic. The City of Troy’s allocated cap is $62,880.
