U.S. Department of the Treasury Launches the Coronavirus State and Local Fiscal Recovery Funds Program

Summary - The U.S. Department of the Treasury (Treasury Department) announced the launch of the Coronavirus State and Local Fiscal Recovery Funds Program, which will provide $350 billion in emergency funds to eligible entities including state, local, territorial, and tribal governments. Eligible entities may use Coronavirus State and Local Fiscal Recovery Funds to stabilize revenue downturns and address budget shortfalls....
By: Ballard Spahr LLP

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