Item Coversheet



BOCC AGENDA ITEM

Item Title:US Dept Treasury Coronavirus Local Fiscal Recovery Fund Form
Date:6/21/2021
Department:County Manager
Background:

The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan ("ARP") is a $1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Biden on March 11, 2021.  The timing of guidance is predicated on the Act itself that stipulates the U.S. Treasury will disburse payments in two (2) installments, or "tranches," with the first distribution no later than 60 days from the date on enactment, and the second distribution no earlier than twelve months after the first payment.  Costs must be incurred from Marsh 2021 to December 31, 2024.

 

In order to remain eligible to receive funding, the US Department of Treasury requires entities to accept and sign the Coronavirus Local Fiscal Recovery Fund Award Terms and Conditions.

Request:
Approve and authorize the Chairman to sign the US Department of Treasury Coronavirus Local Fiscal Recovery Fund for the American Rescue Plan Act.
Financial/Economic Impact to Future Years Budgeting Process or Effect on Citizens:
Potential funding amounts and timelines are actively being established.
Action Requested and Recommendation:
Approve and authorize the Chairman to sign the US Department of Treasury Coronavirus Local Fiscal Recovery Fund for the American Rescue Plan Act.
Is this action consistent with the Nassau County Comprehensive Land Use Plan?
NA
Funding Source:
N/A
Additional Information Needed for Contracts/Agreements (If Applicable)
Contract Number assigned by Contracts Management:
N/A
For non-governmental agencies, has the document been sent to the vendor for signature?
N/A
Does the document need to be recorded? If so, who will pay the recordation fee?
N/A
Are there any special mailing instructions? (Include contact name, address, deadline for submittal, how to mail such as express mail, FedEx, etc):
Return executed copy to the County Manager's Office.
How many originals are needed?
N/A
ATTACHMENTS:
DescriptionUpload DateType
Coronavirus Local Fiscal Recovery Fund Form6/4/2021Cover Memo