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Update Regarding Coronavirus State and Local Fiscal Recovery Funds Spending Plan Through American Rescue Plan Act (ARPA) and Discussion Regarding Use of Unobligated Funds
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BRIEF OVERVIEW
On March 11, 2021, the American Rescue Plan Act (ARPA) was signed into law and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund which together make up the Coronavirus State and Local Fiscal Recovery Funds ("SLFRF") program. This program is intended to provide support to state, territorial, local, and tribal governments in responding to the economic and public health impacts of COVID 19.
Hernando County received a total of $37,666,688.00 over two installments, one in 2021 and the next in 2022. To date, there are $2,963,196.00 in unencumbered funds remaining. Funds are required to be obligated by December 31, 2024, and expended by December 31, 2026.
Staff has received requests from the Vincent Academy and the Community Food Bank's Rise Empowerment Center for assistance with construction of their facilities. In addition, staff is recommending allocating funds to the South Brooksville drainage project and to the Housing and Supportive Services Department for affordable housing. The funding requests and recommendations are as follows:
Vincent House
$250,000.00
Rise Enrichment Center
$250,000.00
Emergency Relief from Natural Disasters
$2,463,196.00
Total
$2,963.196.00
On March 11, 2021, the American Rescue Plan Act (ARPA) was signed into law and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Fund which together make up the Coronavirus State and Local Fiscal Recovery Funds ("SLFRF") program. This program is intended to provide support to state, territorial, local, and tribal governments in responding to the economic and public health impacts of COVID 19.
Hernando County received a total of $37,666,688.00 over two installments, one in 2021 and the next in 2022. To date...
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