American Rescue Plan Act

The American Rescue Plan Act

The American Rescue Plan Act (ARPA) passed on March 10, 2021, and was signed into law on March 11, 2021. Within the Act, the Coronavirus Local Fiscal Recovery Fund provides $350 billion for states, municipalities, counties, tribes, and territories, including $130 billion for local governments split evenly between municipalities and counties. There are two high level summaries of the bill available: Title by Title Bill Summary and State and Local Fiscal Recovery Funds Fact Sheet.

Timeline and Reporting Deadline

States, territories, counties, and cities, and Tribal governments were to report project and expenditure data on January 31, 2022 (instead of October 31, 2021). The first reporting deadline for NEUs will be April 30, 2022 (instead of Oct 31, 2021). Treasury will provide recipients with user guides prior to the reporting deadlines.

Final Rule

Treasury issued the SLFRF Final Rule on January 6, 2022, going into effect on April 1, 2022. Prior to the Final Rule, the Interim Final Rule took effect on May 17, 2021. Local governments will not be penalized for expenditures made before April 1, 2022 that are consistent with the interim final rule, but that may be subject to greater limitation or restriction by the Final Rule. Local units can start spending in accordance with the final rule immediately. 

The Department of Treasury issued a reporting and compliance guidance document: SLFRF Compliance and Reporting Guidance Update 2.1. The document includes key dates and more clarity regarding allowable expenditures.

Model Management ARPA Funds

A project management spreadsheet has been created to help you track and manage expenditures.

Recent Aim Webinar: ARPA Updates on Treasury Department’s Final Rule

The U.S. Department of the Treasury issued an interim final rule to guide state and local governments in the wake of the American Rescue Plan Act’s passage in early 2021. In the months following, the Department took comments and used their own observations to inform what is now the final rule. The final rule, among other things, governs State and Local Fiscal Recovery Funds received by units of local government under ARPA. This webinar from February 17 reviews the key differences between the interim final rule and the final rule that could make a significant impact on how a community chooses to spend their funds. Hear the latest and have your questions answered. A recording of the webinar can be purchased here.

Aim Webinar: The American Rescue Plan Act – An Overview of the Department of Treasury’s Guidance

Join Aim and our special guest speaker from the National League of Cities, Mike Wallace, to receive a comprehensive recap of the American Rescue Plan Act and the specific guidance released recently by the U.S. Department of the Treasury.  Aim members will hear new information about their community’s Coronavirus State and Local Recovery Funds allocation and the important steps that must be taken before decisions can be made regarding any projects and programs.

As we monitor the evolving situation, Aim has gathered resources to provide you with helpful information as it becomes available. Please check back regularly as information becomes available. Further, please do not hesitate to send documents and links you believe would be helpful to your peers to Jennifer Simmons at [email protected]. We are happy to review them and determine if they are appropriate for this webpage.