Treasury Department Launches $350 Billion in Emergency Funding

The Department of the Treasury released its Interim Final Rule for $350 billion in state and local funding from the American Rescue Plan Act. These funds can be utilized by states and localities for many purposes, including supporting public health expenditures and providing premium pay for essential workers. State and local governments could begin applying for the aid yesterday and Treasury will begin making payments in the next few days.

More information may be accessed here, a fact sheet may be accessed here, and the Interim Final Rule may be accessed here.