[OMS_MANAGERS] FW: Treasury Launches Coronavirus State and Local Fiscal Recovery Funds to Deliver $350 Billion

Tue May 18 14:54:06 PDT 2021

Hi Sheri, My bookkeeper, Karyn Thompson  and I have tried to login in to the
Treasury Submission portal several times with no success.  They require a
code which they are supposed to email to me and the email never comes.  I
have checked junk mail and it did not go there.  Do you have any
suggestions?   Thanks, Judy. 

From: OMS_MANAGERS <oms_managers-bounces at omls.oregon.gov> On Behalf Of
STUART Sheri * OPRD via OMS_MANAGERS
Sent: Monday, May 10, 2021 1:41 PM
To: Oregon Main Street program managers <oms_managers at omls.oregon.gov>
Subject: ADV: [OMS_MANAGERS] FW: Treasury Launches Coronavirus State and
Local Fiscal Recovery Funds to Deliver $350 Billion

FYI - just received this info on the American Rescue Plan Act.

________________________________________________________________________

Hi all,

Today, the Department of the Treasury announced the launch of the
Coronavirus State and Local Fiscal Recovery Funds, established by the
American Rescue Plan Act of 2021, to provide $350 billion in emergency
funding for eligible state, local, territorial, and Tribal governments. The
press release can be found here
<https://home.treasury.gov/news/press-releases/jy0169>  and below. Treasury
is also releasing details on how these funds can be used to respond to acute
pandemic response needs, fill revenue shortfalls among these governments,
and support the communities and populations hit hardest by the COVID-19
crisis.

Please find here and attached the following:

*	Interim Final Rule
<https://home.treasury.gov/system/files/136/FRF-Interim-Final-Rule.pdf> 
*	Fact Sheet
<https://home.treasury.gov/system/files/136/SLFRP-Fact-Sheet-FINAL1-508A.pdf
> 

These documents and more information can be found on the Coronavirus State
and Local Fiscal Recovery Funds website
<https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-lo
cal-and-tribal-governments/state-and-local-fiscal-recovery-funds> . Please
let us know if you have any questions.

Thank you,

Arian

--

Arian Rubio

Special Assistant, Office of Legislative Affairs

U.S. Department of the Treasury

Treasury Launches Coronavirus State and Local Fiscal Recovery Funds to
Deliver $350 Billion 

Aid to state, local, territorial, and Tribal governments will help bring
back jobs, address pandemic's economic fallout, and lay the foundation for a
strong, equitable recovery 

WASHINGTON - Today, the U.S. Department of the Treasury announced the launch
of the Coronavirus State and Local Fiscal Recovery Funds, established by the
American Rescue Plan Act of 2021, to provide $350 billion in emergency
funding for state, local, territorial, and Tribal governments.  Treasury
also released details on the ways funds can be used to respond to acute
pandemic-response needs, fill revenue shortfalls among state and local
governments, and support the communities and populations hardest-hit by the
COVID-19 crisis. Eligible state, territorial, metropolitan city, county, and
Tribal governments will be able to access funding directly from the Treasury
Department in the coming days to assist communities as they recover from the
pandemic.  

"Today is a milestone in our country's recovery from the pandemic and its
adjacent economic crisis. With this funding, communities hit hard by
COVID-19 will able to return to a semblance of normalcy; they'll be able to
rehire teachers, firefighters and other essential workers - and to help
small businesses reopen safely," said Secretary Janet L. Yellen.  "There are
no benefits to enduring two historic economic crises in a 13-year span,
except for one: We can improve our policymaking. During the Great Recession,
when cities and states were facing similar revenue shortfalls, the federal
government didn't provide enough aid to close the gap. That was an error.
Insufficient relief meant that cities had to slash spending, and that
austerity undermined the broader recovery. With today's announcement, we are
charting a very different - and much faster - course back to prosperity."

While the need for services provided by state, local, territorial, and
Tribal governments has increased -including setting up emergency medical
facilities, standing up vaccination sites, and supporting struggling small
businesses-these governments have faced significant revenue shortfalls as a
result of the economic fallout from the crisis. As a result, these
governments have endured unprecedented strains, forcing many to make
untenable choices between laying off educators, firefighters, and other
frontline workers or failing to provide services that communities rely on.
Since the beginning of this crisis, state and local governments have cut
over 1 million jobs.   

The Coronavirus State and Local Fiscal Recovery Funds provide substantial
flexibility for each jurisdiction to meet local needs-including support for
households, small businesses, impacted industries, essential workers, and
the communities hardest-hit by the crisis. Within the categories of eligible
uses listed, recipients have broad flexibility to decide how best to use
this funding to meet the needs of their communities. In addition to allowing
for flexible spending up to the level of their revenue loss, recipients can
use funds to:

*         Support public health expenditures, by - among other uses -
funding COVID-19 mitigation efforts, medical expenses, behavioral
healthcare, mental health and substance misuse treatment and certain public
health and safety personnel responding to the crisis;

*         Address negative economic impacts caused by the public health
emergency, including by rehiring public sector workers, providing aid to
households facing food, housing or other financial insecurity, offering
small business assistance, and extending support for industries hardest hit
by the crisis

*         Aid the communities and populations hardest hit by the crisis,
supporting an equitable recovery by addressing not only the immediate harms
of the pandemic, but its exacerbation of longstanding public health,
economic and educational disparities

*         Provide premium pay for essential workers, offering additional
support to those who have borne and will bear the greatest health risks
because of their service during the pandemic; and,

*         Invest in water, sewer, and broadband infrastructure, improving
access to clean drinking water, supporting vital wastewater and stormwater
infrastructure, and expanding access to broadband internet.

Insufficient federal aid and state and local austerity under similar fiscal
pressures during the Great Recession and its aftermath undermined and slowed
the nation's broader recovery. The steps the Biden Administration has taken
to aid state, local, territorial, and Tribal governments will create jobs
and help fuel a strong recovery. And support for communities hardest-hit by
this crisis can help undo racial inequities and other disparities that have
held too many places back for too long.

For an overview of the Coronavirus State and Local Fiscal Recovery Funds
program including an expanded use of eligible uses, see the fact sheet
<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVy
aSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MTAuNDAyMDgwODEiLCJ1cmwiOiJo
dHRwczovL2hvbWUudHJlYXN1cnkuZ292L3N5c3RlbS9maWxlcy8xMzYvU0xGUlAtRmFjdC1TaGVl
dC1GSU5BTDEtNTA4QS5wZGYifQ.Dx6luYtapgfYw9Ah1r47cJP-jOijxsiGyy8bvz73WPw/s/147
9012446/br/106134133801-l>  released today. For additional details on the
state, local, territorial, and Tribal government allocations, see the full
list here
<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDEsInVy
aSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MTAuNDAyMDgwODEiLCJ1cmwiOiJo
dHRwczovL2hvbWUudHJlYXN1cnkuZ292L3N5c3RlbS9maWxlcy8xMzYvZmlzY2FscmVjb3Zlcnlm
dW5kc19jb3VudHlmdW5kaW5nXzIwMjEuMDUuMTAtMWEtNTA4QS5wZGYifQ.9sW_gp4bgs5vo1MUH
vDsHonuCm5osYLvs6Sujps5tIk/s/1479012446/br/106134133801-l> . 

For updates from Treasury Department Relief and Recovery Programs, sign up
here.
<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDIsInVy
aSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MTAuNDAyMDgwODEiLCJ1cmwiOiJo
dHRwczovL3B1YmxpYy5nb3ZkZWxpdmVyeS5jb20vYWNjb3VudHMvVVNUUkVBUy9zdWJzY3JpYmVy
L25ldz9jYXRlZ29yeV9pZD1VU1RSRUFTX0M1NSJ9.GzCNwJ1iNhR_6vsLwlfwccX0BT79FKGQRwF
bEgXMfF4/s/1479012446/br/106134133801-l> 

For more information, visit Coronavirus State and Local Fiscal Recovery
Funds
<https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDMsInVy
aSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA1MTAuNDAyMDgwODEiLCJ1cmwiOiJo
dHRwczovL2hvbWUudHJlYXN1cnkuZ292L3BvbGljeS1pc3N1ZXMvY29yb25hdmlydXMvYXNzaXN0
YW5jZS1mb3Itc3RhdGUtbG9jYWwtYW5kLXRyaWJhbC1nb3Zlcm5tZW50cy9zdGF0ZS1hbmQtbG9j
YWwtZmlzY2FsLXJlY292ZXJ5LWZ1bmQifQ.TnZlvFPkVfa1Q3-qDobpTLMAL5IQTJqsLCwXMDb0H
s0/s/1479012446/br/106134133801-l>  on Treasury.gov. 

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