OIG Reports Lessons Learned from the CARES Act and Advises on American Rescue Plan
By EsqSocial Corporation 03/06/21
Last year, the CARES Act authorized the U.S. Department of the Treasury (Treasury) to make $150 billion payments to state, local, territorial, and tribal governments from the Coronavirus Relief Fund (CRF). Treasury issued guidance on how the funds could be spent, but recipients were not required to sign assistance agreements and funds were not considered by the agency to be "grants" subject to most of the requirements of 2 C.F.R. Part 200, the Uniform Administrative Requirements, Cost...
By: Baker Donelson