Creating a Recovery Program for Disbursement of CARES Act Funds
The original CARES Act appropriated $2 trillion across 16 funding sources and 10 federal agencies, including direct appropriations to each state for various programs. On December 27, 2020, H.R. 133 was signed into law, expanding CARES Act funding for a variety of purposes including, but not limited to healthcare and housing related funding. The resolution also extended the time that states can claim eligible costs under the Coronavirus Relief Fund (“CRF”), allowing states to claim costs incurred between March 1, 2020, and December 31, 2021. These funds will revitalize your communities and improve the lives of your residents now and into the future.
For your recovery program to be a success, you will need to:
within 24 hours
to support a state in CARES
Act oversight. In one week,
$23M was approved for state disbursement to immediately help those in need.
HORNE has provided oversight for
in federal funding for multiple state clients with
on all programs.
You must incur and expend many of these dollars by December 31, 2021, or risk losing unspent funds. States must maximize funding disbursements and strategically invest in solutions that ignite the economy, bolster public confidence, and shore up municipal governments.
You must maintain compliance with all guidance to ensure your recovery program does not have de-obligations or other compliance issues. With the level of scrutiny federally funded programs receive, you need the strictest level of guidance and support.
FOCUS ON THE FUTURE
What is the best use of this funding within your state?
What sets you on the long-term path for a revitalized community?
Imagine the possibilities for your state, and HORNE will work with you to make them a reality.