Coronarirus State and Local Fiscal Recovery Funds.pdf

The document details the establishment of the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund under the American Rescue Plan Act to provide financial assistance to States, territories, Tribal governments, and localities in addressing the COVID-19 pandemic and its economic consequences. It defines key terms, such as covered benefits, covered changes, and eligible workers, and outlines the covered period for fund expenditure. The document emphasizes the importance of essential work and the sectors eligible for support, including public health, sanitation, grocery stores, and transportation. It also discusses general revenue sources, intergovernmental transfers, and the net reduction in total spending as part of the fund implementation.