Treasury Guidance — State, Local, and Tribal Governments for the Coronavirus Relief Fund | Eastern NC Now

Press Release:

    Today, Secretary of the Treasury Steven Mnuchin released guidance for State, Local, and Tribal Governments regarding the Coronavirus Relief Fund (Section 5001 of the CARES Act).

    As stated by the legislation signed by President Trump on March 27, the use of funds "are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19)." The guidance document (HERE) and frequently asked questions (HERE) provide, in detail, examples of eligible and ineligible expenditures of the $150 billion Coronavirus Relief Fund. You can find additional information about Assistance to State and local governments HERE.

    We will continue to share all relevant information as it becomes available.

    Thank you,

    White House Office of Intergovernmental Affairs

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    Coronavirus Aid, Relief, and Economic Security Act (CARES)

    Following extensive negotiations between the Trump Administration and Congressional Leaders, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES). The $2.2 trillion economic relief package provides American families, healthcare workers, and small businesses with the economic support they need to get through this challenging time. This aid comes on top of the Family First Coronavirus Aid Package, enacted last month. State/Local/Tribal provisions include:

• $150 billion in direct aid to State, Tribal, and local governments. Aid will be allocated primarily by a State's population with each State receiving at least $1.25 billion.
• $340 billion in additional emergency supplemental funding to combat the coronavirus outbreak.
• $500 billion for loans and guarantees that authorize the U.S. Treasury to support eligible businesses and States and local governments to cover losses incurred as a result of COVID-19.
• $100 billion for hospitals and health care facilities to reimburse expenses or lost revenues not otherwise reimbursed that are directly attributable to COVID-19.
• $3.5 billion to allow States to expand childcare benefits for healthcare workers, first responders, and others on the frontlines of this crisis.
• Read more here: President Donald J. Trump Is Providing Economic Relief to American Workers, Families, and Businesses Impacted by the Coronavirus