US Treasury Guidance for the American Rescue Plan ActOn March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (H.R. 1319) into law. The $1.9 trillion package, based on President Biden’s American Rescue Plan, is intended to combat the COVID-19 pandemic, including the public health and economic impacts. As part of the $362 billion in federal fiscal recovery aid for state and local governments, $65.1 billion is provided in direct aid to counties and an additional $1.5 billion for public land counties. Please refer to the below links for the Updated NACO analysis of the ARP funding and estimated amount of funding for your county:NACO Analysis of the American Rescue Plan Act UpdatedCounty-Level Estimates for each CountyThe Indiana State Board of Accounts is requiring each local unit that receives an allocation from the Coronavirus Local Fiscal Recovery Fund under Section 603 of the Social Security Act, as added by Section 9901 of the ARP, to establish by ordinance a separate local grant fund called the ARP Coronavirus Local Fiscal Recovery Fund. The Directive Stated that for a county, the ARP grant fund must be established by ordinance of the County Commissioners. The ordinance should reference a plan that will provide the details for the use of these funds. Additionally, before money in the fund is disbursed, the fiscal body must appropriate the money in the fund for a use consistent with Section 603(c) as stated in the adopted ordinance and the plan. This will be very beneficial for Indiana Counties to show we can be very prudent with this funding and use it to make a difference in our communities as we recover from the effects of the COVID 19 public heath emergency. The Indiana State Board of Accounts has issued the below Directive and GuidanceAccounting Processes for ARP Coronavirus State and Local Fiscal Recovery Funds 03_18_2021.pdfDirective 2021-1 Accounting for ARP and Specific Processes for Subtitle M 03.18.2021draft.pdf State Board of Accounts Live DiscussionLive discussion TODAY, March 19, 2021 10:00 AM EST: https://youtu.be/lxYL68kAzb0American Rescue Plan Act of 2021 (SEC. 603. CORONAVIRUS LOCAL FISCAL RECOVERY FUND begins on page 225)
The Benefits of MembershipWe hope you will consider joining our association as an Associate Vendor Member. Our annual conference held in November is for members only. Our Associate members are very important us. We would value your membership and support of our association. Join TodayAbout The Indiana Association of County CommissionersThe Indiana Association of County Commissioners (IACC) is a nonprofit organization established to provide the best education, leadership support, and advocacy services for our County Commissioners to strengthen their influence throughout Indiana. Continue Reading |