On Thursday, Jan. 6, 2022, the U.S. Department of the Treasury issued its Final Rule regarding the use of Public Law 117–2 (American Rescue Plan Act of 2021) money by state, local and Tribal governments, specifically that which was appropriated for Coronavirus State and Local Fiscal Recovery Funds (SLFRF). The Final Rule, effective April 1, essentially confirmed Treasury’s previous guidance in May 2021, and also provided some additional clarity regarding specific allowed or restricted uses.

Download the full article

Read more Municipal Commentary