Applications Opened for Billions in State & Local COVID-19 Recovery Funds

Thoughtware Alert Published: May 14, 2021

The $1.9 trillion American Rescue Plan Act of 2021, enacted in March 2021, included $350 billion to create the Coronavirus Local Fiscal Recovery Fund and the Coronavirus State Fiscal Recovery Fund, collectively Fiscal Recovery Funds. On May 10, 2021, the U.S. Department of the Treasury released an interim final rule and a set of Frequently Asked Questions with further details on the programs and opened a portal that governments must complete to receive FRF distributions. 

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