Treasury Issues Rules for $350 Billion Coronavirus State and Local Fiscal Recovery Funds
By EsqSocial Corporation 07/06/21
The Big Picture - A key provision of the American Rescue Plan (ARP) is the establishment of the $350 billion Coronavirus State and Local Fiscal Recovery Funds (Fiscal Recovery Funds) for eligible state, local, territorial and Tribal governments (Recipients) to respond to the COVID-19 public health emergency (PHE).1 On May 10, the Department of the Treasury (Treasury) released a flurry of information relating to the Fiscal Recovery Funds, including an interim final rule (IFR) with comment period...
By: Manatt, Phelps & Phillips, LLP