On May 10, 2021, the Treasury Department released comprehensive guidance on the allowable uses of the Coronavirus Local Fiscal Relief Funds in the American Rescue Plan Act. The National League of Cities hosted a joint call with the Treasury Department to address the most frequently asked questions related to the eligible uses of these funds and the framework to review the Interim Final Rule. Please note: The recording includes the full presentation but the downloadable PDF only includes NLC’s presentation. The Treasury Department has not authorized use of their presentation.

Key Takeaways:

  • Metropolitan cities can now review their final allocations and apply to receive their funding through the Treasury Department portal. 
  • Non-entitlement units of local governments are still awaiting their final allocations and additional guidance to access funds. 
  • Treasury Department is now accepting comments to the Interim Final Rule until July 16, 2021.  

This call was originally broadcasted on May 20, 2021.