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US Treasury Issues New Guidance On What Actions Certain Local Governments Need To Take To Receive APR Relief Funds - Finance and Banking

To print this article, all you need is to be registered or login on Mondaq.com. The American Rescue Plan Act of 2021 (ARP) will provide more than US$130 billion to local governments to support the public health response to the COVID-19 pandemic through the Coronavirus State and Local Fiscal Recovery Funds Program. US Treasury guidance issued on April 15 outlines pre-award requirements for certain local governmental entities to receive payments under the program. Under this recent Treasury guidance, governmental entities that are eligible to receive direct payment from the federal government, including states, counties and metropolitan cities with populations over 50,000, must:

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