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Department of the Treasury Interim Guidance Concerning Compliance Form
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People also ask
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What does obligated mean ARPA?
Under the 2022 Final Rule, cities must obligate their SLFRF ARPA funds by December 31, 2024. The federal government defines obligation as: “[A]n order placed for property and services and entering into contracts, subawards, and similar transactions that require payment.” -
What is the Department of Treasury responsible for?
United States United States Department of the Treasury / Jurisdiction -
What is the ARPA household assistance program in Springfield MA?
SPRINGFIELD, Mass. (WWLP) – A total of $12 million has been allocated to help Springfield residents who were disproportionately impacted by the COVID-19 pandemic. Eligible households were provided $1,400 through the American Rescue Plan Act (ARPA) Direct Cash Household Assistance program. -
Do ARPA funds have to be paid back?
The Department of the Treasury operates and maintains systems that are critical to the nation's financial infrastructure, such as the production of coin and currency, the disbursement of payments to the American public, revenue collection, and the borrowing of funds necessary to run the federal government. -
What are ARPA funds intended for?
This bill passed in 2021, and the first money went out the door in May 2021. Now, we are 14 months from the obligation deadline of December 31, 2024. If a municipality has not obligated its ARPA SLFRF funds by the end of 2024, they will have to return the funds to Treasury. -
What can ARPA funds be used for in Ohio?
The American Rescue Plan Act allotted $5.36 billion in flexible State Fiscal Recovery Funds for Ohio to recover, repay, restore and rebuild from the coronavirus pandemic. -
What can ARPA funds be used for in Wisconsin?
The Wisconsin Department of Health Services (DHS) has access to more than $400 million of that funding to improve the health of Wisconsinites, including for mental health and substance use disorders, as well as home and community-based services (HCBS). -
What does ARPA do?
Lower health insurance premiums and provide 100% federal COBRA subsidy. The American Rescue Plan will lower or eliminate health insurance premiums for millions of lower- and middle-income families enrolled in health insurance marketplaces. -
What is ARPA finance?
The SaaS Metric Average Revenue Per Account (ARPA) is the revenue generated per account, usually calculated on a monthly or yearly basis. It is sometimes called Average Revenue Per User (ARPU) or Average Revenue Per Customer (ARPC). -
Does 2 CFR 200 apply to ARPA funds?
The funding provided under ARPA provides a unique opportunity for state and local governments to make strategic investments in long-lived assets, rebuild reserves to enhance financial stability, and cover temporary operating shortfalls until economic conditions and operations normalize.
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