The Department of the Treasury has reissued guidance for the Coronavirus Relief Fund, which distributes $150 billion to states, tribal governments, and eligible local governments to help them manage costs associated with the COVID-19 public health emergency. This guidance outlines how the funds should be used, ensuring expenditures are necessary and incurred due to the pandemic, fall outside the existing budget as of March 27, 2020, and occur within the defined period from March 1, 2020, to December 31, 2021. It also provides nonexclusive examples of both eligible and ineligible expenses, discussing conditions under which funds can be used to support various sectors like healthcare, public safety, and economic relief efforts. Recipients need to ensure compliance and maintain records to avoid repayment of improperly utilized funds.
Simple Explanation
The government gave some money to help places like states and towns deal with a big sickness, and they made rules about how to use it, but the rules were a little confusing, which might make it tricky for everyone to use the money properly.