US Treasury Publishes Final Rule Guiding Eligible Uses of Coronavirus State and Local Fiscal Recovery Funds, Providing Much-needed Clarity for Recipients

After much uncertainty regarding appropriate uses of Coronavirus State and Local Fiscal Recovery Funds (SLFRF), authorized under the American Rescue Plan Act of 2021 (ARP), the US Treasury’s recently published final rule broadens, streamlines and simplifies the program. The final rule provisions are effective starting April 1, 2022; in the meantime, no action will be taken to enforce the interim final rule if use of funds complies with the terms of the final rule.