The United States Treasury recently released the much-anticipated final rule governing spending guidelines for the American Rescue Plan Fiscal Recovery Funds Program (SLFRF). The final rule reflects many requests and provides some significant expanded use of funds.
State, territorial, local, and Tribal governments must comply with the final rule beginning on April 1, 2022, when the final rule takes effect.
Prior to April 1, 2022, recipients may take actions and use funds in a manner consistent with the final rule, and Treasury will not take action to enforce the Interim final rule if a use of funds is consistent with the terms of the final rule, regardless of when the SLFRF funds were used.
Please see the Statement Regarding Compliance with the Coronavirus State and Local Fiscal Recovery Funds Interim Final Rule and Final Rule for more information.