AGENDA DATE: 6/16/2021
TITLE: American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (CSLFRF)
SUBJECT/PROPOSAL/REQUEST: ARPA CSLFRF funding update
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Richardson, Walker, Birch, Bowman, Gardner
PRESENTER (S): Nelsie Birch, Kimberly Gardner
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: On March 11, 2021, The American Rescue Plan Act, a $1.9 trillion relief bill, was signed into law. It provides $350 billion to state and local governments for the purposes of supporting public health response to the COVID-19 pandemic, as well as providing a way for states and local governments to start the process of economic recovery.
On March 29, 2021, the Board approved the County's American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) initial implementation framework. The framework proposed use of the first tranche of funding, which at that time was estimated to be approximately $10 million, as follows:
Approximately $4 million for human services and economic vitality
Approximately $3 million to support the Broadband Affordability & Accessibility Office
Approximately $3 million for workforce stabilization and financial foundation initiatives
At the time of the approval of the original framework for the use of ARPA CSLFRF funding, staff was still awaiting guidance from the United States Treasury department.
On May 10, 2021, the U.S. Treasury released the Interim Final Guidance. The report is open to public comment until July 16, 2021, at which time it is expected that the United States Treasury Department will release changes in a final guidance document.
On May 11, 2021, the United States Treasury provided an allocation of $21.2 million in federal ARPA CSLFRF monies to the County of Albemarle to be deposited in two tranches. The first tranche of funding, $10.6 million was received on May 21, 2021. The...
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