The intention of the Fiscal Recovery Funds is to build on and expand support for the COVID-19 public health emergency provided previously through the CARES Act. The Fiscal Recovery Fund will provide aid to state, local, territorial, and tribal governments to help turn the tide on the pandemic, address its economic fallout, and lay the foundation for a strong and equitable recovery.
Eligible uses of Fiscal Recovery Funds include:
Response to public health emergency / negative economic impacts
Water, sewer, and broadband infrastructure
Planned Use of Fiscal Recovery Funds
On July 21, 2021, the Placer County Board of Supervisors held a workshop to plan for the distribution of Fiscal Recovery Funds. Based on public comment and board direction, the focus will be on the following eligible use categories:
Respond to the public health emergency and address its negative economic effects
Replace lost public sector revenue
Invest in water, sewer, and broadband infrastructure
On August 10, 2021 the Board approved more specific uses of funds within these eligible use categories.
The Final Rule released by the U.S. Department of the Treasury went into effect on April 1, 2022 and allows broader flexibility in the use of ARPA funds. One of the most significant changes is the ability to select a standard allowance for revenue loss of up to $10 million, which can be used for the provision of government services, with minimal restrictions and streamlined reporting requirements. Because of this, on May 24, 2022, the Board of Supervisors approved a modification to the use of funds approved in August. The currently planned distribution of funds is shown below:
Recipients of State and Local Fiscal Recovery Funds under the American Rescue Plan Act (ARPA) are required to submit an annual Recovery Plan. The 2022 Recovery Plan can be viewed overy Plan Recovery Plahere.