Signed into law by President Biden on March 11, 2021, the American Rescue Plan Act (ARPA) allocates $1.9 trillion to COVID-19 relief and economic recovery. Colorado municipalities will directly receive more than $800 million through the Coronavirus Local Fiscal Recovery Fund.

These funds will be provided over two distributions; the first half is available now for metropolitan cities and in mid-June for smaller cities, the second half will be available one year later. Funds must be encumbered by Dec. 31, 2024 and spent by Dec. 31, 2026.

 

Spending Guidance

Treasury Guidance is below and contained in three documents. For questions regarding the information below please contact Kevin Bommer, CML executive director or Meghan Dollar, CML Legislative Advocacy Manager.

 

Reporting Guidance

On June 17, 2021, Treasury released the Compliance and Reporting Guidance for the SLFRF Program. The guidance provides additional detail and clarification for each recipient’s documentation and reporting responsibilities.