Lake County, IL
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File #: 21-0869    Version: 1 Name: Presentation and discussion related to the American Rescue Plan Act (ARPA) funds provided by the US Treasury to Lake County for use in COVID-19 Public Health Emergency response and recovery.
Type: discussion Status: Filed
File created: 5/20/2021 In control: Financial & Administrative Committee
On agenda: Final action: 5/27/2021
Title: Presentation and discussion related to the American Rescue Plan Act (ARPA) funds provided by the US Treasury to Lake County for use in COVID-19 Public Health Emergency response and recovery.

Title

Presentation and discussion related to the American Rescue Plan Act (ARPA) funds provided by the US Treasury to Lake County for use in COVID-19 Public Health Emergency response and recovery.

 

Staff Summary

                     The ARPA was signed into law on March 11, 2021.  The Act will provide $350 billion dollars to state, local, territorial and Tribal governments across the United States.  Lake County is estimated to received approximately $136 million of these Coronavirus State and Local Fiscal Recovery Funds.

                     Interim guidance on eligible uses of the funds was released by the US Treasury on May 10, 2021.  Staff has reviewed the guidance and will provide a presentation on summary of eligible uses and discussion related to use and plan options for investment.