Final Rule Issued for ARPA State & Local Fiscal Recovery Funds

The US Treasury Department has issued the final rule for ARPA State & Local Fiscal Recovery Funds on January 6, 2022. In response to over 1,500 comments and other correspondence, several changes were made to the regulations. As of April 1, 2022, the final rule replaces the interim final rule that was issued last May. Governments are free to apply the new rule to any current spending and any spending already incurred under the interim final rule and will not be subject to any action by the Treasury Department.

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