News Detail

Treasury Issues Final Rule for State & Local Fiscal Recovery Funds Program


On January 6, 2022, the U.S. Department of the Treasury issued the Final Rule for the SLFRF Program, enacted as part of the American Rescue Plan, which delivers $350 billion to state and local governments to support their response to and recovery from the COVID-19 pandemic.

The Final Rule takes effect on April 1, 2022 and provides state and local governments with increased flexibility to pursue a wider range of uses, as well as greater simplicity, enabling governments to focus on responding to the crisis in their communities and maximizing the impact of their funds. 

Treasury will host live webinars to brief and answer questions about the Final Rule at the following times:

  • January 7, 2022 at 1:00pm ET. Register here. This webinar will be recorded and shared within a few business days.
  • January 10, 2022 at 4:00pm ET. Register here.
  • January 12, 2022 at 1:00pm ET. Register here.

Full January 6, 2022 Treasury News Release is available here.

National Association of Counties (NACo) Preliminary Overview of Treasury's Final Rule for Fiscal Recovery Fund (1-13-22)