sec 603 coronavirus local fiscal recovery fund

State Fiscal Recovery Fund (Page 220) Funds available to South Dakota state government are estimated to be $978M. There are several significant changes from the Interim Final Rule (IFR), as well as clarifications and a few new limitations. The Local Fiscal Recovery Fund (Local Fund) is established. 4 Local Fiscal Recovery Funds 5 SEC. On 6/8/2021 Treasury posted new frequently asked questions (FAQs) regarding the distribution of funds to non-entitlement units of local government (NEUs) under the Coronavirus State and Local Fiscal Recovery Funds. (b)(1) Metropolitan Cities Of the total appropriation, $45.57 billion would be allocated for metropolitan cities, ESTABLISHMENT OF LOCAL FISCAL RECOVERY FUND SECTION 2.6. The award is ( documented in an "Award Terms and Conditions" document signed by the Mayor on May 11, 2021. 801 et seq.) Plan Act of 2021 (ARP), of which Subtitle M-Coronavirus State and Local Fiscal Recovery Funds, makes grant funds available under Section 603 of the Social Security Act to state and local governments to mitigate the fiscal effects stemming from the Coronavirus Disease 2019 ("CO VID- 19") public health emergency; "(a) APPROPRIATION .—ln addition to amounts otherwise available, there is appropriated for fiscal year 2021, out of any money in the Treasury not otherwise appropriated, $130,200,000,000, to remain available through December 3 1, 2024, for making payments under this section to The Coronavirus Local Fiscal Recovery Fund can be found at Subtitle M. Section 9901 under Section 603. (b)(1) Metropolitan Cities Of the total appropriation, $45.57 billion would be allocated for metropolitan cities, The ARP established the Coronavirus Local Fiscal Recovery Fund (the Fund) and appropriated $130,200,000,000 to remain available through December 31, 2024, for making payments to metropolitan • Coronavirus State and Local Fiscal Recovery Funds Frequently Asked Questions • Title VI of the Social Security Act Sec. Local Fiscal Recovery Fund Key Information and Processes Wednesday, June 16, 2021. . 1. U.S. Travel secured language in law that expressly authorizes the funds to be used to aid tourism, travel, and hospitality businesses and organizations. This rule implements the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act. • State and Local Fiscal Recovery Fund -$350B -Title IX, Subtitle M, Section 9901 •Section 602 Coronavirus State Fiscal Recovery Fund •Section 603 Coronavirus Local Fiscal Recovery Fund •Section 604 Coronavirus Capital Projects Fund •Section 605 Local Assistance and Tribal Consistency The bill includes $65.1 billion in direct, flexible aid to . The Coronavirus Local Fiscal Recovery Fund provides a critical source of relief for these smaller local governments, many of which had not previously received direct fiscal assistance from the federal government since the onset of the COVID-19 pandemic. L. 92-603, title III, §302, 86 Stat. 2 Office of I Maga'hagan Guahan U.S. Department of the Treasury SEC. Cash transfers that are grossly in excess of such amounts would be outside the scope of eligible uses under section 602(c)(1)(A) and 603(c)(1)(A) and could be subject to recoupment. On 6/8/2021 Treasury posted new frequently asked questions (FAQs) regarding the distribution of funds to non-entitlement units of local government (NEUs) under the Coronavirus State and Local Fiscal Recovery Funds. US Treasury issued the Final Rule implementing the Coronavirus State and Local Fiscal Recovery Fund program of the American Rescue Plan Act of 2021 (ARP/CSLFRF) on January 6, 2022. L. No. a. 603 - Coronavirus Local Fiscal Recovery Fund - (a) $130,200,000,000 for making payments under this section to Metropolitan Cities, Nonentitlement Units of Local Government, and Counties to mitigate the fiscal effects stemming from the public health emergency with • Section 602: Coronavirus State Fiscal Recovery Fund • Section 603: Local Fiscal Recovery Fund. ☐ Option II: Decline funding allocation and transfer funds to the State of Nebraska under Section 603(c)(4). ESTABLISHMENT OF LOCAL FISCAL RECOVERY FUND SECTION 2.6. §803. 602(b)(2)(B)(ii) identifies that $19 billion is to be allocated by the Treasury Secretary (hereafter, the Secretary) to Tribal governments in a manner determined by the Secretary. the Coronavirus Local Fiscal Recovery Fund under Section 603 of the Social Security Act, as added by Section 9901 of the ARP, shall establish by ordinance a separate local grant fund called the ARP Coronavirus Local Fiscal Recovery Fund within the fund number range described above. 3. Treasury also released details on how these funds can be used to respond to acute . 603. State and Local Coronavirus Fiscal Recovery Fund Allocations. The purpose of the Coronavirus Relief Fund appropriation is for the funds to be used to prevent, prepare for, and respond to . GUIDANCE LANGUAGE: Treasury's description of the program is here. Mar. Section 9901 of ARPA amended Title VI of the Social Security Act to add section 602, which establishes the Coronavirus State Fiscal Recovery Fund, and section 603, which establishes the Coronavirus Local Fiscal Recovery Fund (together, the Fiscal Recovery Funds). The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020, contains over $2 trillion for economic stimulus, including cash payments to individuals, expanded unemployment benefits, retirement distributions, payroll tax deferrals and tax credits, corporate relief, and economic support for the . A sizable share of economic output derives from state and local government activity. Certification (Page 224) "In order for a State or territory to receive a payment under this section, or a transfer of funds under section 603(c)(4), the State or territory shall provide the Secretary with a certification, signed . l. no. 117-2) for the Coronavirus State Fiscal Recovery Fund, except for funds appropriated through Section 603; the Coronavirus Local Fiscal Recovery Fund of the same act; the Coronavirus Capital Projects Fund; any federal . Coronavirus local fiscal recovery fund (a) Appropriation. Executive Order 229 - 03/12/2021. The Coronavirus Local Fiscal Recovery Fund May 11, 2021 Section 9901 of the American Rescue Plan Act of 2021 (ARPA; P.L. Sec. 801 et seq) by adding the following: •Section 602 Coronavirus State Fiscal Recovery Fund •Section 603 Coronavirus Local Fiscal Recovery Fund 24 Coronavirus Local Fiscal Recovery Fund . [Use of funds. Through the Fiscal Recovery Funds, Congress provided State, local, and Tribal governments with significant resources to respond to the COVID-19 public health emergency and its economic impacts through four categories of eligible uses. Paragraph (c) of subsection (5) of section 33 28.2221, Florida Statutes, is amended to read: 34 28.2221 Electronic access to official records.— 35 (5) 36 (c) Notice of the right of any affected party to request 37 removal of information or records pursuant to . US Treasury issued the Final Rule implementing the Coronavirus State and Local Fiscal Recovery Fund program of the American Rescue Plan Act of 2021 (ARP/CSLFRF) on January 6, 2022. Section I ☐ Option I: Request allocation of local fiscal recovery funds based on the proportion of the population in the NEU as a share of the total population of all NEUs in the State (see initial calculation attached). The purpose of the Local Fund is to provide funds consistent with section 603 of the Social Security Act to nonentitlement units of local government to use to mitigate the impact of the COVID-19 public health emergency. Section 603(c)(1)(C) allows the funds to be used for costs incurred for the provision of government services to the extent of the reduction in revenue due to the COVID-19 public health emergency. 603(c)(4). Sec. Subtitle M—Coronavirus State and Local Fiscal Recovery Funds SEC. L. 117-2), which amends Title VI of the Social Security Act (42 U.S.C. In addition to amounts otherwise available, there is appropriated for fiscal year 2021, out of any money in the Treasury not otherwise appropriated, $130,200,000,000, to remain available through December 31, 2024, for making payments under this section to metropolitan cities, nonentitlement units of local government, and counties . 603 - Coronavirus Local Fiscal Recovery Fund - (a) $130,200,000,000 for making payments under this section to Metropolitan Cities, Nonentitlement Units of Local Government, and Counties to mitigate the fiscal effects stemming from the public health emergency with respect to the Coronavirus Disease (COVID-19) U.S. Department of the Treasury SEC. American Rescue Plan Act of 2021. o$1.9 Trillion TOTAL o$350B to states and local governments oThe state portion of the funding is $195 billion: 5 See generally 42 U.S.C. General State and Local Fiscal Assistance and COVID-19: Background and Available Data The sudden decline in economic output following the Coronavirus Disease 2019 (COVID-19) outbreak has significantly altered the fiscal outlook for state and local governments. supplemental funds on April 9, 2021. Recipients may use Coronavirus State and Local Fiscal Recovery Funds to cover costs incurred for eligible projects planned or started prior to March 3, 2021, provided that the project costs covered by the Coronavirus State and Local Fiscal Recovery Funds were incurred after March 3, 2021. This section specifically excludes from appropriation funds received from: the American Rescue Plan Act of 2021 (Pub. 7 (Local Reserve) in the General Fund to maintain federal funds received from the Coronavirus 8 Local Fiscal Recovery Fund, pursuant to the authorization set forth in the Social Security Act. (a) IN GENERAL.—Title VI of the Social Security Act (42 U.S.C. 801 et seq.) The Federal Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") includes funds distributed to state governments to use to pay costs incurred in responding to the COVID-19 outbreak. Sections 602 and and section 603, which establishes the Coronavirus Local Fiscal Recovery Fund (together, the Fiscal Recovery Funds). In accordance with Section 603 (c) of the Social Security Act, as added by Section 9901 of Guidance: State and Local Fiscal Recovery Funds (Compliance Guidance), Department of the Treasury 31 CFR Part 35 Coronavirus State and Local Fiscal Recovery Funds Interim Final Rule (Interim Final Rule), and any subsequent updates, including Treasury's Frequently Asked Questions. [5] In accordance with Section 603 (c) of the Social Security Act, as added by Section 9901 of Section 603(c)(4) of the Act permits NEUs to transfer funds received from the CLFRF to the State in which such recipient is located. the coronavirus state and local fiscal recovery funds program is authorized by sections 602 and 603 of the social security act as added by section 9901 of the american rescue plan act of 2021, pub. Coronavirus Local Fiscal Recovery Fund (a) Appropriation $130.2 billion would be appropriated to the Coronavirus Local Fiscal Recovery Fund, to remain available until expended. is amended by adding at the end the following: ''SEC. WASHINGTON - The National Association of Counties (NACo) today reaffirmed its support of the State and Local Coronavirus Fiscal Recovery Funds legislation, part of the American Rescue Plan Act. 5001. Section 9901 of ARPA amended Title VI of the Social Security Act to add Sections 602, which established the Coronavirus State Fiscal Recovery Fund, and 603, which established the Coronavirus Local Fiscal Recovery Fund, thereby appropriating Coronavirus State and Local Fiscal Recovery Funds in the amount of $362 . adding a new section 603 (codified at 42 U.S.C. CORONAVIRUS STATE AND LOCAL FISCAL RE-6 COVERY FUNDS. by adding sections 602 and 603 to establish the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund. On March 11, 2021, the American Rescue Plan Act of 2021 (ARPA) was signed into law. 603 [as amended through P.L. 602. As part of funds for the American Rescue Plan's Coronavirus State and Local Fiscal Recovery Funds (SLFRF), Bellevue Emergency Medical Services has been able to acquire over $12,000 in new life saving equipment that is vital when responding to cardiac arrest calls. 9901(a). 11 The ARPA adds section 602 of the Social Security Act, which creates the State Fiscal Recovery Fund, and section 603 of the Social Security Act, which creates the Local Fiscal Recovery Fund (together, SLFRF). CORONAVIRUS STATE FISCAL RECOVERY FUND. 9901. In a major victory for America's counties, the State and Local Coronavirus Fiscal Recovery Funds legislation, part of the American Rescue Plan Act, was signed into law by President Biden on March 11. 2 Office of I Maga'hagan Guahan U.S. Department of the Treasury SEC. • Section 602: Coronavirus State Fiscal Recovery Fund • Section 603: Local Fiscal Recovery Fund. Recovery Fund, which shall be known as "ARP Coronavirus Local Fiscal Recovery Fund." All moneys received from the Coronavirus Local Fiscal Recovery Fund must be receipted into this Fund. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. CORONAVIRUS STATE FISCAL RECOVERY FUND. 116-136).The CRF provides $150 billion in aid for state, county and municipal governments with populations of over 500,000 people to address necessary expenditures incurred due to the COVID-19 public . 602. CORONAVIRUS LOCAL FISCAL RECOVERY FUND AWARD TERMS AND CONDITIONS Use of Funds. Section 603 of the Social Security Act, as added by Section 9901 of the American Rescue Plan Act of 2021 (ARP). Section 9901 of ARPA amended Title VI of the Social Security Act [ 17] (the Act) to add section 602, which establishes the Coronavirus State Fiscal Recovery Fund, and section 603, which establishes the Coronavirus Local Fiscal Recovery Fund (together, the Fiscal Recovery Funds). 72. ARPA was enacted May 11, 2021. 1 Questions on Subtitle M—Coronavirus State and Local Fiscal Recovery Funds; Sec. 602 for states.] Established by Section 603 of the American Rescue Plan Act (ARPA) to offer aid to eligible county and city/town governments to respond to the COVID-19 emergency and bring back jobs . The bill, which passed the U.S. House of Representatives last week, now includes $60.1 billion in critical aid that will go directly to every county . SEC. American Rescue Plan Act of 2021. o$1.9 Trillion TOTAL o$350B to states and local governments oThe state portion of the funding is $195 billion: 5 The revenues of the full calendar year of 2019 will be used as the base year to determine the Coronavirus local fiscal recovery fund (a) Appropriation. 801 et seq. 117-2] • Recipient Compliance and Reporting Guidance Sections 602 and 603 of the Social Security Act (the Act), as added by section 9901 of ARPA, establish the Coronavirus State Fiscal Recovery Fund (State Fiscal Recovery Fund) and Coronavirus Local Fiscal Recovery Fund (Local Fiscal Recovery Fund), respectively, which provide significant funding to help states Sec. is amended by adding at the end 9 the following: 10 ''SEC. under the ARPA along with examples of eligible uses of funds that state, local, and Tribal governments may consider. 7 (a) IN GENERAL.—Title VI of the Social Security Act 8 (42 U.S.C. Fiscal Recovery Funds not explicitly listed. Coronavirus State fiscal recovery fund (a) Appropriation . See FAQ Section 6. §803. U.S. Department of the Treasury SEC. Although FRF's criteria is somewhat different from the CARES Act's Coronavirus Relief Fund (CRF), like CRF it is the largest allocation of stimulus funds for state and local . The U.S. Department of the Treasury launched the Coronavirus State and Local Fiscal Recovery Funds, established by the American Rescue Plan Act of 2021, to provide $350 billion in emergency funding for eligible state, local, territorial, and Tribal governments. Section 9901 of ARPA amended Title VI of the Social Security Act to add section 602, which establishes the Coronavirus State Fiscal Recovery Fund, and section 603, which establishes the Coronavirus Local Fiscal Recovery Fund (together, the "Fiscal Recovery Funds"). 117-2) provides a total of $362 billion in general federal payments to state, local, tribal, and territorial governments, $130 billion of which is directed to the Coronavirus Local Fiscal Recovery Fund (CLFRF). from the US Department of Treasury under Sections 602(b) and 603(b) of the Social Security Act, as added by section 9901 of the American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery FundLFRF.) There are several significant changes from the Interim Final Rule (IFR), as well as clarifications and a few new limitations. CORONAVIRUS LOCAL FISCAL RECOVERY FUND. 29 30 Be It Enacted by the Legislature of the State of Florida: 31 32 Section 1. The Secretary of the Treasury (Treasury) is adopting as final the interim final rule published on May 17, 2021, with amendments. ____ Option 2: Decline funding allocation and transfer funds to the State of Missouri under Section . The Interim Final Rule also provides flexibility for recipients to use Fiscal Recovery Funds for programs or services that are not identified on these non-exclusive lists but which meet the objectives of section 602(c)(1)(A) or 603(c)(1)(A) by responding to the COVID-19 public health emergency FUNDING FOR NON-ENTITLEMENT UNITS OF LOCAL GOVERNMENT The purpose of the Local Fund is to provide funds consistent with section 603 of the Social Security Act to nonentitlement units of local government to use to mitigate the impact of the COVID-19 public health emergency. Coronavirus State and Local Fiscal Recovery Funds The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program, a part of the American Rescue Plan, delivers $350 billion to state, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public health emergency. 603 - Coronavirus Local Fiscal Recovery Fund - (a) $130,200,000,000 for making payments under this section to Metropolitan Cities, Nonentitlement Units of Local Government, and Counties to mitigate the fiscal effects stemming from the public health emergency with 117-2 (mar. Name of City, Town, or Village (NEU): _____ Section 1 ____ Option 1: Request allocation of local fiscal recovery funds. Recipient understands and agrees that the funds disbursed under this award may only be used in compliance with section 603(c) of the Social Security Act (the Act), Treasury's regulations implementing that section, and guidance issued by Treasury regarding the The document serves as a supplement to the main document of FAQs, available here.New questions added or updated today include 7.4 through 7.15. This subpart implements section 9901 of the American Rescue Plan Act (Subtitle M of Title IX of Pub. "SEC. Section 603(c)(1)(C). Document. Coronavirus Local Fiscal Recovery (CLFR) Fund3 - This fund will provide aid to cities, counties, . [ 18] § 803 respectively; and as implemented by treasury's interim final rule at 31 … CORONAVIRUS LOCAL FISCAL RECOVERY FUND AWARD TERMS AND CONDITIONS Use of Funds. Coronavirus Local Fiscal Recovery Fund (a) Appropriation $130.2 billion would be appropriated to the Coronavirus Local Fiscal Recovery Fund, to remain available until expended. L. No. title VI, §602, as added Oct. 30, 1972, Pub. CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS. In fact, Bellevue EMS is the first ambulance service in the state of Iowa to . On January 28, 2022, the registrant had 2,309,080,018 shares of Class A . The Coronavirus Fiscal Recovery Funds provide $350 billion to state and local governments to address the fiscal effects of the pandemic through 2024. § 802 and 42 u.s.c. Section II The aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant as of June 30, 2021, the last business day of the registrant's most recently completed second fiscal quarter, was $ 857 billion based upon the closing price reported for such date on the Nasdaq Global Select Market. State and Local Fiscal Recovery Fund Resource Hub State and Local Fiscal Recovery Fund Resource Hub In March of 2021, the American Rescue Plan Act of 2021 authorized the $350 billion State and Local Coronavirus Fiscal Recovery Fund (Recovery Fund), which provided $65.1 billion in direct, flexible aid to every county in America. In addition to amounts otherwise available, there is appropriated for fiscal year 2021, out of any money in the Treasury not otherwise appropriated, $130,200,000,000, to remain available through December 31, 2024, for making payments under this section to metropolitan cities, nonentitlement units of local government, and counties . CORONAVIRUS LOCAL FISCAL RECOVERY FUND LOCAL GOVERNMENT NOTIFICATION TO DECLINE FUNDS AND TRANSFER TO STATE Sections 602(b) and 603(b) of the Social Security Act (the Act) as added by section 9901 of the American Rescue Plan Act, Pub. CORONAVIRUS LOCAL FISCAL RECOVERY FUND. Treasury allows for the use of Coronavirus Local Fiscal Recovery Funds ("CLFRF") . Local Government. Non-Entitlement Units of Local Government Application . Established by Section 603 of the American Rescue Plan Act (ARPA) to offer aid to eligible county and city/town governments to respond to the COVID-19 emergency and bring back jobs . 603 - Coronavirus Local Fiscal Recovery Fund - (a) $130,200,000,000 for making payments under this section to Metropolitan Cities, Nonentitlement Units of Local Government, and Counties to mitigate the fiscal effects stemming from the public health emergency with respect to the Coronavirus Disease (COVID-19) language mirrors Sec. Section 2 9 Funds that are reserved in the Local Reserve do not constitute an "appropriation made by law," 10 as that phrase is used in Section 7(1) of Article V of . territory, or Tribal government receiving a payment from funds made available under this section may transfer funds to a private nonprofit organization (as . 117-2 (March 11, 2021) authorize the Department of the 1479, which set out the necessary . Coronavirus State and Local Fiscal Recovery Funds Fact Sheet Summary The American Rescue Plan Act of 2021 creates new Coronavirus State and Local Fiscal Recovery Funds to keep first responders, frontline health workers, teachers, and other providers of vital services safely on the job as states, local governments, Tribes, and territories roll out

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