U.S. Treasury Outlines How States Can Spend $350 Billion State & Local Government COVID-Relief
Post date
May 21, 2021
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On May 13, the U.S. Department of Treasury issued an interim final rule (IFR) detailing how the $350 billion in state, local, and territorial government funding provided through the American Rescue Plan Act can be spent. AGC plans to provide comments on how this guidance can be improved to better allow for infrastructure and building construction investment necessary for pandemic mitigation and recovery.
The IFR also contained some information about potential uses of COVID-19 relief funds for building projects, although it should be noted that AGC expects another rule to be issued soon regarding another pot of money specifically allocated to primary and secondary education.