How much money is in ARPA?

The American Rescue Plan Act (ARPA) of 2021 created a $350 billion state and local fund to help fight the pandemic and support an economic recovery.

How much does the ARPA cost?

President Joe Biden signed the $1.9 trillion American Rescue Plan Act (ARPA), the latest federal stimulus bill to aid public health and economic recovery from the COVID-19 pandemic, on March 11, 2021.

What is the American Rescue Plan Fund 2023?

Small business support

The American Rescue Plan will provide emergency grants, lending, and investment to hard-hit small businesses so they can rehire and retain workers and purchase the health and sanitation equipment they need to keep workers safe.

Do ARPA funds have to be paid back?

If a municipality has not obligated its ARPA SLFRF funds by the end of 2024, they will have to return the funds to Treasury.

How do I spend my ARPA money?

Eligible uses of these funds include:

COVID-19 expenditures or negative economic impacts of COVID-19, including assistance to small businesses, households, and hard-hit industries, and economic recovery, Premium pay for essential workers, Investments in water, sewer, and broadband infrastructure.

ARPA Funds Summary

How long do you have to spend ARPA funds?

There is no deadline to spend the ARPA funds.

How long to spend ARPA funds?

SLFRF funding must be obligated by December 31, 2024 and jurisdictions have until December 31, 2026 to fully expend their funds. Spending should be used for costs incurred after March 3, 2021.

What can ARPA funds not be used for?

There are specific ineligible uses of ARPA funds. Funds used for the following ineligible purposes must be repaid to the Treasury: Funding may not directly or indirectly offset a reduction in net tax revenue due to a change in law. Funding may not be deposited into a pension fund.

Can you earn interest on ARPA funds?

Yes - funds can be put into an interest-bearing account. Interest is not restricted to the eligible uses of the Recovery Funds.

How much is the American Rescue Plan 2024?

A total of $130.2 billion will be provided to cities and counties to use through December 31, 2024.

Is ARPA a federal grant?

The American Rescue Plan Act of 2021 (ARP), which President Biden signed on March 11, 2021, includes $30.5 billion in federal funding to support the nation's public transportation systems as they continue to respond to the COVID-19 pandemic and support the President's call to vaccinate the U.S. population.

Who gets money from American Rescue Plan?

The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program authorized by the American Rescue Plan Act, delivers $350 billion to state, territorial, local, and Tribal governments across the country to support their response to and recovery from the COVID-19 public health emergency.

What is the $1,400 health stimulus?

They claim Americans under age 65 can qualify to receive $1,400 from the government to use for rent, groceries, or anything else. This is a scam. There is no $1,400 American Health Stimulus check being provided by the government. I'll outline how this predatory scam works and ways to protect yourself.

Is Davis Bacon required for ARPA funds?

No, ARPA has received a waiver from Davis Bacon requirements. Davis Bacon only applies to acquisition and new construction projects. Is MWBE required?

How cities are using ARPA funds?

Local governments in the West are planning to spend 12.3% of their ARPA funds for all types of housing programs, including eviction prevention and creating affordable housing. Roughly 9.6% of ARPA spending is being slated for housing programs in the South, 8.1% in the Northeast and 8.2% in the Midwest.

How do I apply for the American Rescue Plan?

To apply: Register in Grants.gov • Download the corresponding Certificate and Agreement and Program Profile and complete offline and submit through grants.gov. Complete the Application for Federal Assistance (SF-424).

Who qualifies for the American Rescue Plan Act of 2023?

Qualifying Populations for HOME-ARP funds include individuals and families who are: Experiencing homelessness. At risk of becoming homeless.

Can ARPA funds be used to cut taxes?

The Tax Mandate provision of ARPA provides that, “a State or territory shall not use the funds provided…to either directly or indirectly offset a reduction in the net tax revenue of such state or territory resulting from a change in law, regulation, or administrative interpretation during the covered period that ...

Can ARPA funds be used as non-federal match?

Outside of the revenue loss category, Recovery Funds generally cannot be used to meet the non-federal match or cost-share requirements of other federal programs, other than as specifically provided for in the statute. For example, funds cannot be used to match funds for FEMA programs, unless specifically made so.

Will ARPA be extended in 2023?

The Inflation Reduction Act (IRA) was signed by President Biden on August 16, 2022 and extends the premium subsidies in the individual market as passed under the American Rescue Plan Act (ARPA) through calendar year 2025.

What is the advantage of the ARPA?

As we can see from this statement the principal advantages of ARPA are a reduction in the workload of bridge personnel and fuller and quicker information on selected targets. A typical ARPA function gives a presentation of the current situation and uses computer technology to predict future situations.

What are ARPA subsidies?

The March 2021 COVID-19 relief legislation, the American Rescue Plan Act (ARPA), extends eligibility for ACA health insurance subsidies to people buying their own health coverage on the Marketplace who have incomes over 400% of poverty.

What does obligated mean in ARPA?

What is the definition of “obligate”? Obligation means an order placed for property and services and entering into contracts, subawards, and similar transactions that require payment.

Are ARPA funds subject to single audit?

A single audit is required when a non-federal entity expends $750,000 or more in federal funding during the fiscal year.

What is ARPA Flex?

Federal Government

ARPA Flex was a provision passed by Congress in December 2022. This rule created three new expenditure categories for eligible spending: Provision of emergency relief from natural disasters. Transportation infrastructure eligible projects and matching funds.