American Rescue Plan Funding
On March 1, 2021, the American Rescue Plan Act (ARPA) was signed into law. Section 9901 of ARPA amended Title VI of the Social Security Act to add Section 602, which established the Coronavirus State Fiscal Recovery Fund, and Section 603, which established the Coronavirus Local Fiscal Recovery Fund. Section 602(c)(1) and Section 603(c)(1) provides that funds may be used:
- To respond to the public health emergency or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality;
- To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers;
- For the provision of government services to the extent of the reduction in revenue due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year prior to the emergency; and
- To make necessary investment in water, sewer, or broadband infrastructure.
The City has worked diligently to determine how best to use funding from the Fiscal Recovery Funds to meet the needs of its communities and populations within the framework provided by Treasury and to lay the foundation for a strong, equitable economic recovery. The City intends to utilize the funds for eligible uses which includes facilitating access to resources that improve health outcomes, responds to the disease and the harmful consequences of the economic disruptions resulting from or exacerbated by the public health emergency, providing premium pay to essential workers, creating economic budget stabilization, and for establishing and/or improving broadband infrastructure for its community.
To learn more about ARPA funding, please visit the City’s website at: https://www.memphistn.gov/government/finance/. Follow the ARPA Federal Documentation link.