timelines for spending CLFRF funds

I wanted to verify how long we have to allocate and spend our Coronavirus Local Fiscal Recovery

Funds. Looks like we have until the end of this year to "obligate" and until the end of 2026 to spend it all.

Link to info: txdem.sharepoint.com/sites/TDEMWebsiteFiles/Shared%20Documents/Forms/AllItems.aspx?id=%2Fsites%2FTDEMWebsiteFiles%2FShared%20Documents%2FCoronavirus%20Local%20Fiscal%20Recovery%20Fund%2FARP%2DNEU%2DAnnoucement%2DNotification%2Epdf&parent=%2Fsites%2FTDEMWebsiteFiles%2FShared%20Documents%2FCoronavirus%20Local%20Fiscal%20Recovery%20Fund&p=true&ga=1

excerpt:
"Cost Period of Eligibility

CLFRF funds may be used to cover costs incurred from March 3, 2021, through December

31, 2026. However, participants must obligate all funding by December 31, 2024. Obligate

means an order placed for property and services and entering into contracts, subawards, and

similar transactions that require payment"