U.S. Department of the Treasury’s $350 Billion Coronavirus State and Local Fiscal Recovery Funds Program – Private Sector Support

Earlier this month, the U.S. Department of the Treasury (Treasury) launched the $350 billion Coronavirus State and Local Fiscal Recovery Funds (Fiscal Recovery Funds) program. The program, which is established under the $1.9 trillion American Rescue Plan Act of 2021 (ARPA), allocates funding directly to state, local, territorial, and Tribal governments (qualifying governments), thereby granting each broad discretion to use the funds for eligible purposes....
By: Kilpatrick Townsend & Stockton LLP