8/26/2023 0 Comments Covid totals by state list![]() The Final Rule provides the rule text and supplemental information. RESOURCES ON DETERMINING ELIGIBLE USES OF FUNDS UNDER THE FINAL RULE More streamlined options to provide premium pay through broadening the share of eligible workers who can receive premium pay without additional justification.Greater flexibility in eligible broadband investments to address challenges with access, affordability, and reliability, as well as the addition of numerous eligible water and sewer infrastructure investments.Major simplification for thousands of recipients through the $10 million revenue loss standard allowance.Broader set of uses that are available to respond to the pandemic’s public health and economic impacts on households, small businesses, and others, including capital expenditures.On Janu, Treasury released the Final Rule, which delivers broader flexibility and greater simplicity in the program, responsive to feedback in the comment process.Ī few core improvements included in Final Rule are: Treasury received over 1,500 comments, participated in hundreds of meetings, and received correspondence from a wide range of governments and other stakeholders. The IFR went immediately into effect in May, and since then, governments have used SLFRF funds to meet their immediate pandemic response needs and to begin building a strong and equitable recovery.Īs governments began to deploy this funding in their communities, Treasury carefully considered the feedback provided through the public comment process on the Interim Final Rule and in other forums. 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 Final Rule builds on the program’s successes and implementation efforts so far. Recipients may consult the Statement Regarding Compliance with the Coronavirus State and Local Fiscal Recovery Funds Interim Final Rule and Final Rulefor more information on compliance with the Interim Final Rule and the Final Rule. ![]() The Final Rule takes effect on April 1, 2022, though recipients can choose to take advantage of its flexibilities and simplifications now. Treasury released an Overview of the Final Rule, which provides a summary of major rule provisions to assist recipients and stakeholders. Final Ruleįunding from the Coronavirus State and Local Fiscal Recovery Funds is subject to the requirements specified in the Final Rule released by Treasury on January 6, 2022. The Coronavirus State and Local Fiscal Recovery Funds provide substantial flexibility for each jurisdiction to meet local needs within these four separate eligible use categories. For questions about how the end of the COVID-19 National Emergency impacts these uses of funds, please see FAQ 4.11 in the Final Rule FAQs. Invest in water, sewer, and broadband infrastructure, making necessary investments to improve access to clean drinking water, to support vital wastewater and stormwater infrastructure, and to expand affordable access to broadband internet.Provide premium pay for essential workers, offering additional support to those who have and will bear the greatest health risks because of their service in critical sectors.Respond to the far-reaching public health and negative economic impacts of the pandemic, by supporting the health of communities, and helping households, small businesses, impacted industries, nonprofits, and the public sector recover from economic impacts.Replace lost public sector revenue, using this funding to provide government services up to the amount of revenue lost due to the pandemic.For more details, visit the Final Rule section below. Recipients and stakeholders are also encouraged to consult the Overview of the Final Rule, which provides a summary of Final Rule provisions for informational purposes, the Final Rule Frequently Asked Questions, which provide additional guidance on how recipients can use funds, and for Tribal governments, the Tribal government fact sheet, which contains highlights of the final rule relevant to Tribal governments. The Final Rule for the program took effect on April 1, 2022. ![]()
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