Treasury Updated FAQs – State and Local Fiscal Recovery Funds

Source: U.S. Department of Treasury

The Department of Treasury recently published a set of answers to frequently asked questions related to State and Local Fiscal Recovery Funds, authorized under the American Rescue Plan Act.

This document is designed to help recipients understand and apply the final rule. This document addresses many of the questions received by the Department since the Final Rule was released and also includes many FAQs that were available in connection with the interim final rule (although numbering may have changed) because they remain applicable under the final rule. Answers to frequently asked questions that are unique to the interim final rule remain available at Interim Final Rule: Frequently Asked Questions. Treasury anticipates updating this document as additional guidance is developed.