Coronavirus Local Fiscal Recovery Funds are designed to provide needed relief to local government to enable them to continue to support the public health response and lay the foundation for a strong and equitable economic recovery.
FUNDING OBJECTIVES
Treasury launched this much-needed relief to:
- Support urgent COVID-19 response efforts to continue to decrease spread of the virus and bring the pandemic under control
- Replace lost revenue for eligible state, local, territorial, and Tribal governments to strengthen support for vital public services and help retain jobs
- Support immediate economic stabilization for households and businesses
- Address systemic public health and economic challenges that have contributed to the inequal impact of the pandemic
The Coronavirus Local Fiscal Recovery Funds provide substantial flexibility for each government to meet local needs—including support for households, small businesses, impacted industries, essential workers, and the communities hardest hit by the crisis. These funds can also be used to make necessary investments in water, sewer, and broadband infrastructure.
Arkansas received the following amount of funding:
| Program | Funding Allotment |
|---|---|
| Counties | $ 586,173,048.00 |
| Metropolitan Cities (population over 50K) | $ 208,848,763.00 |
| Non-entitlement Units of Local Government (population under 50K) | $ 216,225,138.00 |
| Total | $ 1,011,246,949.00 |
For any questions, please contact DFA- Office of Accounting at 501-682-1675 or [email protected].
