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.