US Treasury Releases Final Rule for State and Local Fiscal Recovery Funds Program

On January 6, 2022, the United States Department of Treasury released the Final Rule for the State and Local Fiscal Recovery Funds Program under the American Rescue Plan Act (ARPA). The final rule, which takes effect on April 1, 2022, provides state and local governments with increased flexibility to pursue a wider range of uses. It also provides greater simplicity so governments can focus on responding to the crisis in their communities and maximizing the impact of their funds. For more details about the Final Rule and related information, including the Treasury’s press release, please see below:

Final Rule – Press Release – January 6, 2022

Final Rule

Final Rule – Overview