SLFRF FUNDS NOT IMPACTED BY DEBT CEILING DEAL
Jun 2, 2023 14:07:12 GMT -6
Post by let me think on Jun 2, 2023 14:07:12 GMT -6
from tml --
This week, Congress passed the Fiscal Responsibility Act of 2023, legislation that raises the debt ceiling. The Act includes 81 rescission provisions rescinding funds from six COVID-era bills passed between 2020-2022. The State and Local Fiscal Recovery Funds (SLFRF) from the American Rescue Plan Act (ARPA) were not rescinded. The funds distributed to cities remain the cities’ funds whether or not they have been obligated yet.
This week, Congress passed the Fiscal Responsibility Act of 2023, legislation that raises the debt ceiling. The Act includes 81 rescission provisions rescinding funds from six COVID-era bills passed between 2020-2022. The State and Local Fiscal Recovery Funds (SLFRF) from the American Rescue Plan Act (ARPA) were not rescinded. The funds distributed to cities remain the cities’ funds whether or not they have been obligated yet.