Policy Alert: Treasury Releases New Final Rule for Fiscal Recovery Funds Program

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Policy Alert: Treasury Releases New Final Rule for Fiscal Recovery Funds Program

January 10, 2022

Treasury Releases New Final Rule for Fiscal Recovery Funds Program


The State and Local Fiscal Recovery Funds program (SLFRF), authorized in the American Rescue Plan, allocates $20 billion for Tribal governments to support their response to the COVID-19 public health emergency. After carefully considering feedback received through Tribal consultations and written comments from Tribal governments, the U.S. Treasury has made revisions to the SLFRF program in a Final Rule adopted on January 6, 2022.

Treasury published a user-friendly overview of many of the major provisions of the final rule. The final rule provides broader flexibility and greater simplicity in the program, in response to public comments.

Resources:
Rule Overview
SLFRF website
Tribal Government Factsheet
Final Rule
Jan 18 Webinar


NAFOA, in coordination with Treasury, is hosting a webinar on January 18, 2022, at 3:00pm EST to walk through the SLFRF Project & Expenditure report for Tribal governments. You may register for the webinar here.

Register for the SLFRF Compliance Webinar on Jan 18

About the SLFRF
The Coronavirus State and Local Fiscal Recovery Funds (SLFRF), 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. The program ensures that governments have the resources needed to: Fight the pandemic and support families and businesses struggling with its public health and economic impacts; Maintain vital public services, even amid declines in revenue; Build a strong, resilient, and equitable recovery by making investments that support long-term growth and opportunity.

For any other questions or concerns, please contact Nicholas Lovesee, Senior Policy Advisor, at nicholas@nafoa.org.

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