May 25, 2021
The U.S. Department of Treasury released yesterday the rules established for use of the $350 billion available through the Coronavirus State and Local Fiscal Recovery Funds, part of the American Rescue Plan Act of 2021. Counties, cities, and villages will receive $130.2 billion. We know Hull’s clients and friends are developing and refining spending plans for these dollars and the Interim Final Rules, as well as this user-friendly rules summary, offer the details necessary to help finalize strategies and decisions.
Treasury documents state that “recipients have broad flexibility to decide how best to use this funding to meet the needs of their communities.” Funding allocations will support public health, address negative economic impacts caused by the pandemic, provide premium pay for essential workers, and perhaps of most interest to Hull’s clients and friends, replace lost public sector revenue and improve water, sewer, and broadband infrastructure.
Water and sewer projects that would be allowable through the EPA Clean Water or Drinking Water State Revolving Funds are eligible for the use of Recovery Funds, including:
Funds can cover expenses incurred or obligated from March 3, 2021 to December 31, 2024; obligated funds not spent by December 31, 2026 must be returned.
Recovery Funds offer communities the unique opportunity to help realize planned projects and jumpstart new projects to protect public health and safety. Hull’s water, wastewater, and municipal services engineering team can help you develop a funding strategy that could involve a critical evaluation of project opportunities and funding needs. We can also complete thorough engineering studies and design work; prepare permit applications, construction plans, and bid documents; and complete construction oversight. If we can help, please let us know!
How Much is Being Distributed?
Allocations for states, counties, cities, and non-entitlement communities are linked here: Coronavirus State and Local Fiscal Recovery Funds | U.S. Department of the Treasury
Request Your Funding!
Counties and cities (not Non-Entitlement Units of Government) can now request their funds from the Department of Treasury: Request Funding | U.S. Department of the Treasury
For more information on how Hull can be of service, contact Jim Roberts, P.E., Vice President, at email@example.com or 740-344-5451.BACK TO ALL ARTICLES