Please be sure to read pages 130-150 of the Interim Final Rule. As counties determine how to invest their ARP State and Local Fiscal Recovery Funds to respond to the coronavirus pandemic, NACo is hosting a series of information sessions digging into the various eligible uses outlined in Treasury's Interim Final Rule (IFR) for the program. U.S. Treasury Interim Final Rule. The Final Rule will go into effect on April 1, 2022. On May 10, the U.S. Department of Treasury (Treasury) released an interim final rule, FAQs and a fact sheet for a portion of the $362 billion Coronavirus State and Local Fiscal Recovery Fund, established under the American Rescue Plan Act (ARP) signed into law on March 11 by President Biden. Read NACo's analysis of Treasury's Interim Final Rule. Since the enactment of the ARPA, counties have been working hard to develop implementation plans that will help spur an equitable economic . Join NACo for a discussion on how to calculate your county's revenue loss, how this revenue recoupment can be invested and offer feedback on Treasury's Interim Final Rule related to this provision. This final rule makes no changes to the interim specifications implemented on January 1, 2012, so any delay in effectiveness of this final rule has no effect on the management measures to which the participants in the summer flounder, scup, and/or black sea bass commercial and/or recreational fisheries are currently subject. The Interim Final Rule clarifies that the lists of transferees in sections 602(c)(3) and 603(c)(3) are not exclusive, and recipients may transfer funds to constituent units of government or private entities beyond those specified in the statute. The Final Rule provides broader flexibility and simplicity to the program based on the comments Treasury received from the Interim Final Rule. WATER, SEWER & BROADBAND INFRASTRUCTURE . Data Governance in the Age of Digital Communication. INTERIM FINAL RULE VS. FAQs. The Final Rule on American Rescue Plan funding was issued on January 6, 2022. IRS releases new FAQs on taxability ARPA Recovery Funds - specifically related to direct cash assistance and premium pay. interim final rule to reorganize the regulations in 50 CFR part 622 for . The Interim Final Rule: • Establishes a framework for determining the types of programs and services eligible under ARPA. In choosing the poverty-based formula, districts would be required to fund only Title I schools while also distributing funds to low-income students in private schools. Interim Final Rule SLFRF is subject to the requirements and guidance specified in the Interim Final Rule, adopted on May 10, 2021. NACo has provided/is providing: An overview of the Final Rule; Webinar for members (recording) Jan. 18 webinar on revenue loss issues (click link to register) Jan. 20 webinar on broadband issues (click link to register) A state analysis of the Final Rule and other documents can be found on the Michigan Treasury's COVID page for local governments. Useful Links. Wednesday, June 16, 2021 | 2:00 p.m. - 3:00 p.m. Eastern Time. Contact ahurley@naco.org. 1. DEFINITIONS (PG. p. 18 of the Interim Final Rule p. 5 of the NACO Overview . Treasury is committed to a prompt and thorough review of the comments and 2 | 2. Eligible . Read NACo's FAQs on the Recovery Fund. Important dates related to the American Rescue Plan's recovery funds: March 3, 2021: The beginning of the funds' "covered period." July 16, 2021: Deadline to comment on Treasury's interim final rule. The clarification to which Peters referred is the final rule, released by the United States Treasury on Jan. 6. ARPA Alert: Reporting Deadlines, New Reporting Guidance, and Final Rule Information PROJECT AND EXPENDITURE REPORTING DEADLINES The first " Quarterly Project and Expenditure Report " is due by January 31, 2022 , for counties with populations that exceed 250,000 residents or counties with a population below 250,000 residents that were . You also can follow NACo on Twitter for breaking developments. view Tax & Finance Understand U.S. Treasury's Interim Final Rule on the State and Local Fiscal Recovery Fund in less than five minutes (video) NACo American Rescue Plan Funding Breakdown Visit the NACo Recovery Clearinghouse here. Read NACo's FAQs on the Recovery Fund. US Department of the Treasury Revised FAQ Document: Coronavirus State and Local Fiscal Recovery Funds' Interim Final Rule (June 17, 2021) The U.S. Department of Treasury released the Final Rule for implementation of the Coronavirus State and Local Fiscal Recovery Fund on January 6. First Interim Report due to Treasury: August 31, 2021 Data Governance in the Age of Digital Communication. The National Association of Counties (NACo) and National League of Cities (NLC) highlighted new flexibility created by the Final . The new report provides a comprehensive review of the Interim Final Rule, including an eligible use checklist for each section of the rule.NACo is partnering with the U.S. Treasury on a national membership call on Tuesday, May 25 at 1:00 pm EASTERN. As counties determine how to invest their ARP State and Local Fiscal Recovery Funds to respond to the coronavirus pandemic, NACo is hosting a series of information sessions digging into the various eligible uses outlined in Treasury's Interim Final Rule (IFR) for the program. the Gulf of Mexico, South Atlantic, and the Caribbean (78 FR 22950). The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) Program provides a substantial infusion of resources to communities working to turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and […] ACTION: Interim final rule. The Interim Final Rule took effect on May 17, 2021 and was open for public comment until July 16, 2021. this interim final rule revises aspects of the process for requesting exclusions from the duties and quantitative limitations on imports of aluminum and steel discussed in three previous department of commerce ("commerce") interim final rules implementing the exclusion process authorized by the president under section 232 of the trade expansion … comment on the Interim Final Rule . During a membership call, the National Association of Counties (NACo) offered an overview of the final rule and discussed key highlights for counties. County executive adopts spending plan; updates as needed. Aug. 31, 2021: Deadline for all counties to submit their interim report to Treasury. NACO has developed a sample template for counties to use for individuals to solicit . 1319) into law. Throughout the Interim Final Rule, along with FAQs and fact sheets, U.S. Treasury uses several key wordsthat are important to understand in determining the eligible use of funds. With the first round of county reports due to the Treasury on Aug. 31, . • Covered benefits • Covered period • Eligible workers • General revenue • Pension fund A transferee receiving a transfer from a recipient under sections You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. The interim final rule, issued in June, gives districts the choice between poverty-based or enrollment-based formulas in their distribution of CARES Act funds for education. To date, Treasury has distributed more than $245 billion to state, local, and Tribal governments as a part of the SLFRF program, accounting for over 99% of funds eligible to be disbursed in 2021 . County fiscal body appropriates funds as needed out of ARP Coronavirus Recovery Fund. Interim Final Rule; National Association of Counties (NACO) Analysis and resources; Grant County ARP Funds Application. The National Association of Counties (NACo) last week submitted comments on the US Department of the Treasury's Interim Final Rule (IFR) for the Coronavirus State and Local Fiscal Recovery Fund established under the American Rescue Plan Act (ARPA).. On July 16, the National Association of Counties (NACo) submitted comments on the U.S. Department of the Treasury's Interim Final Rule (IFR) for the Coronavirus State and Local Fiscal Recovery Fund established under the American Rescue Plan Act (ARPA). Update: On January 6, 2022, the U.S. Department of Treasury released the Final Rule for the Recovery Fund. This final rule incorporates NACo submits comments on Treasury's Interim Final Rule for Fiscal Recovery Fund On July 16, NACo submitted comments on the U.S. Treasury's Interim Final Rule (IFR) for the Coronavirus State and Local Fiscal Recovery Fund established under the American Rescue Plan Act (ARPA). Since the enactment of the ARPA, America's counties have been working hard to develop implementation Learn More I would encourage each and every one . Tweet with a location. Eligibility of Faith-Based Organizations for Loan Programs, Interim Final Rule (April 3, 2020) Financial Resources On April 2, 2020, the U.S. Small Business Administration (SBA) issued an interim final rule (the Initial Rule) announcing the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES . U.S. Treasury issues final rule for State & Local Fiscal Recovery Funds Program. That interim final rule did not create any new rights or obligations; it reorganized the existing regulatory requirements in the Code of . Join NACo on Monday, January 10 at 1:00 pm to overview the Treasury's Final Rule for the Recovery Fund, including key highlights for counties. National Association of Counties | www.NACo.org | June 2021 | 23. counties must still calculate revenue loss under the formula provided by the Interim Final Rule (and outlined in Treasury's Portal User Guide on pages 10-12) in order to properly complete Step 3 of the Interim Report. The $1.9 trillion package, based on President Biden's American Rescue Plan, is intended to combat the COVID-19 pandemic, including the public health and economic impacts. 130) Throughout the Interim Final Rule, along with FAQs and fact sheets, U.S. Treasury uses various . The Interim Final Rule treats users as being unserved or underserved if they lack access to a wireline connection capable of reliably delivering minimum speeds of at least 25 Mbps download and 3 Mbps upload. Monday, May 24,2021 NACo released an in-depth analysis of the U.S. Treasury's Recovery Funds for America's counties. US Department of the Treasury Revised FAQ Document: Coronavirus State and Local Fiscal Recovery Funds' Interim Final Rule (June 17, 2021) The NACO team continues to work with the National Association of Counties (NACo) and U.S. Treasury to receive updates and clarification on eligible expenses under ARPA and Treasuryʼs Interim Final Rule; the interim rule is subject to change up through July 9, 2021. Final Rule NACo-Overview Final Rule Interim Final Rule NACo-Analysis of Treasury Interim Final Rule NACo-Overview of Treasury's Fiscal Recovery Fund Guidance SLFRP Quick Reference SLFRP Compliance-and-Reporting Guidance SLFRP FAQ SLFRP Fact Sheet. New essential resources and guidance from U.S. Treasury • Interim final rule • Fact sheet • FAQs • Quick reference guide • County Recovery Fund allocations 3. Guidance described below is based on and includes guidance from the interim final rule, which is in effect until April 1, 2022. Questions? On Thursday, the U.S. Department of the Treasury issued the Final Rule for the State and Local Fiscal Recovery Funds (SLFRF) program, enacted as a part of the American Rescue Plan, which delivers $350 billion to state, local, and Tribal governments to support their response to and recovery from the COVID-19 pandemic. Covered benefits. NACo Releases Analysis on Treasury's Fiscal Recovery Fund Interim Final Rule May 26, 2021 On May 10, the U.S. Treasury Department released an Interim Final Rule for the State and Local Coronavirus Fiscal Recovery Fund (Recovery Fund), part of the American Rescue Plan Act. that are important to understand in determining the eligible use of funds. The final rule expands on the guidance offered in the May 2021 interim rule. On January 6, the U.S. Department of Treasury (Treasury) released the Final Rule for the $65.1 billion Coronavirus State and Local Fiscal Recovery Fund (Recovery Fund). In preparation for the National Association of Counties (NACo) 2022 Legislative Conference, NACo encourages members to submit interim policy resolutions to guide NACo's advocacy in Washington, D.C. all counties . The American County Platform and the association's policy resolutions address the needs and interests of county governments across the nation. U.S. Treasury Interim Final Rule Full Text; UST Updated FAQ for Eligible Uses (11.15.21) UST Updated Guidance on Broadband Infrastructure (6.17.21) NACo Analysis of UST Interim Final Rule (5.25.21) Presentation Recording - NACo's Preliminary Review of UST's Fiscal Recovery Fund Guidance As counties determine how to invest their ARP State and Local Fiscal Recovery Funds to respond to the coronavirus pandemic, NACo is hosting a series of information sessions digging into various eligible uses outlined in Treasury's Interim Final Rule (IFR) for the program. Since the Recovery Fund was established, NACo has worked closely with Treasury to ensure county recommendations and priorities are included in the Final Rule. At 437 pages, the Final Rule provides welcome certainty for SLTT governments. NACo Analysis of the American Rescue Plan Act. To date, Treasury has distributed more than $245 billion to state, local, and Tribal governments as a part of the SLFRF program, accounting for over 99% of funds eligible to be disbursed in 2021 . Wednesday, June 16, 2021 | 2:00 p.m. - 3:00 p.m. Eastern Time. Billing Code 4810-AK-P DEPARTMENT OF THE TREASURY 31 CFR Part 35 RIN 1505-AC77 Coronavirus State and Local Fiscal Recovery Funds AGENCY: Department of the Treasury. Key Use of Funds and Reporting . In May 2021, Treasury published the Interim Final Rule (IFR) to govern eligible and ineligible uses of funds (as well as other program provisions), sought feedback from the public on these program rules, and began to distribute funds. The Interim Final Rule emphasizes the need for recipients to prioritize premium pay for lower income workers. Stay tuned to Conduit Street for more information. 1. The U.S. Treasury released the final rule for the State and Local Coronavirus Fiscal Recovery Fund (SLFRF) authorized under the American Rescue Plan Act (ARPA), which will go into effect on April 1, 2022. $2,024,900 Premium pay for essential workers. The new report provides a comprehensive review of the Interim Final Rule, including an eligible use checklist for each section of the rule. Premium pay that would increase a worker's total pay above 150% of the greater of the state or county average annual wage requires specific justification for how it responds to the needs of these workers. The National Association of Counties (NACo) appreciates the opportunity to comment on the U.S. Department of Treasury's Interim Final Rule (IFR) for the Coronavirus State and Local Fiscal Recovery Fund (Recovery Fund) established under the American Rescue Plan Act (ARPA). Interim Final Rule (effective until March 31, 2022) Compliance and Reporting Guidance; However, NACo - Until Treasury adopts a Final Rule and the Final Rule becomes effective, the IFR is, and will remain, binding and effective - Funds used in a manner consistent with the Interim Final Rule while the Interim Final Rule is effective will not be subject to recoupment - Funds used in a manner consistent with the Interim Final Rule while the Interim Final Rule is effective will not be subject to recoupment - Counties may use the IFR to interpret whether their use of funds meet the criteria of what is eligible - Counties may also consider FAQs issued by Treasury to help assess whether a project or service On Jan. 6, the U.S. Department of the Treasury released the final rules for the Coronavirus State and Local Fiscal Recovery Funds, which also cover the $65.1 billion in federal funds sent to counties nationwide under the American Rescue Plan Act (ARPA). National Association of Counties | www.NACo.org | May 2021 • Interim final rule • Fact sheet • FAQs • Quick reference guide • County Recovery Fund allocations National Association of Counties | www.NACo.org | May 2021 | 5 This final temporary rule, issued pursuant to NMFS' authority to issue interim rules under the Magnuson-Stevens Fishery Conservation and Management Act (Magnuson-Stevens Act), implements interim measures to reduce overfishing of gray triggerfish in the Gulf of Mexico (Gulf). On May 10, the U.S. Department of Treasury (Treasury) released an interim final rule, FAQs and a fact sheet for a portion of the $362 billion Coronavirus State and Local Fiscal Recovery Fund, established under the American Rescue Plan Act (ARP) signed into law on March 11 by President Biden. The new rule is effective April 1, 2022, but any modifications made to the final rule can be implemented immediately as described in the final rule. Federal Regulations into a new format. SUMMARY: The Secretary of the Treasury (Treasury) is issuing this interim final rule to implement the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal National Association of Counties | www.NACo.org | May 2021. . In contrast to the Interim Final Rule, counties now have two options to calculate revenue loss - either allocate up to $10 million of their total Recovery Fund allocation or . - Funds used in a manner consistent with the Interim Final Rule while the Interim Final Rule is effective will not be subject to recoupment - Counties may use the IFR to interpret whether their use of funds meet the criteria of what is eligible Stay tuned to Conduit Street for more information. hours upon hours as they were developing the interim rule and the final . The effective date of the interim final rule is, and the comment period will not begin until, the date of publication in the Federal Register. • July 16, 2021: Deadline to comment on U.S. Treasury's Interim Final Rule on Recovery Fund • August 31, 2021: Deadline to submit first Interim Report to U.S. Treasury • August 31, . The U.S. Treasury released the final rule for the use of State and Local Fiscal Recovery Funds (SLFRF) provided under the American Rescue Plan Act (ARPA). DECODING THE TREASURY RULES AND GUIDANCE. The National Association of Counties is currently (through Feb. 16) holding its legislative conference in Washington. Thursday, June 10, 2021 | 12:30 p.m. - 1:30 p.m. As counties determine how to invest their ARP State and Local Fiscal Recovery Funds to respond to the coronavirus pandemic, NACo is hosting a series of membership calls digging into the various eligible uses outlined in Treasury's Interim Final Rule . They had been operating under the Interim Final Rule since its issuance in May 2021. to report programmatic data for spending between March 3 and July 31, 2021 Project and Expenditure Report: These reports require project and expenditure data for awards and The Final Rule, which may be found at this link, makes several significant changes to the Interim Final Rule in response to public comment on the rule that Treasury received in summer 2021. Join NACo on Monday, January 10 at 1:00 pm to overview the Treasury's Final Rule for the Recovery Fund, including key highlights for counties. Please be sure to read pages 130-150 of the Interim Final Rule, FAQs and Guidance. Once an Interim Report has been submitted, the report may not be amended. key words. supporting payroll and benefits costs, costs to retain employees, mortgage, rent, or utilities costs, and other operating costs Loans, grants, or in-kind assistance to implement COVID-19 Please follow the links below to read the "Interim Final Rule" and other resources to help you understand what the funds may be used for and who may apply, as well as the Grant County Application for ARPA Funding. NACo's analysis provides an in-depth overview of the key provisions within the interim final rule, with a specific focus on how each of these items may impact county governments. View the report. Click HERE to view report NACo is partnering with the U.S. Treasury on a national membership call on Tuesday, May 25 at On May 10, the U.S. Department of Treasury (Treasury) released an interim final rule, FAQs and a fact sheet for a significant portion of the $362 billion Coronavirus State and Local Fiscal Recovery Fund, established under the American Rescue Plan Act (ARP) signed into law on March 11 by President Biden. Treasury previously released an Interim Final Rule in May 2021 which provided initial guidance to counties on the eligible and ineligible uses of the funds. NYSAC will continue to work with NACo and . Treasury welcomes the robust stakeholder feedback that was provided, with nearly 1,000 unique comments submitted. • Interim final rule • Fact sheet • FAQs • Reporting requirements(NEW) • Quick reference guide • County Recovery Fund allocations NATIONAL ASSOCIATION OF COUNTIES | WWW.NACO.ORG | JUNE 2021 | 4 NOTE: This document is a draft version of the interim final rule provided as a courtesy. Understanding Eligible Uses of the Fiscal Recovery Fund: Supporting Underserved Communities. Useful Links. While the Interim Final Rule provides a non-exclusive list of programs or services that may be funded and the flexibility for recipients to use Fiscal Recovery Funds for programs Multiple substantial changes were made to the interim final rules issued in May 2021. American Rescue Plan Act Webinar, 6/23/2021. Photo By: Fred Drotar Powered By Revize Login. National Association of Counties | www.NACo.org | May 2021. How to register on U.S. Treasury's portal and request Recovery Funds 2. (3) p. 45 of the Interim Final Rule p. 12 of the NACO Overview $220,000 Matching grant funds for the construction of a new elevated water tank on SR 315 near I-185 as a water infrastructure improvement (includes design, bidding, and
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