Is ARPA a federal grant?

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.

Is ARPA money federal or state?

The American Rescue Plan Act was signed into law by President Biden on March 11, 2021, it guaranteed direct funding to all cities, towns and villages in the United States. The U.S. Department of the Treasury responsible for overseeing the program.

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.

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.

Who administers ARPA funds?

The California Department of Social Services (CDSS) is responsible for issuing the ARPA funding to child care providers and child care and development contractors, and for collecting data about how the funds were used, in order to comply with federal reporting requirements.

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What are ARPA grants?

The American Rescue Plan, signed into law on March 2021, provides $350 billion in funding for state and local governments to build an equitable economic recovery from the devastating economic effects caused by the COVID-19 pandemic.

What can ARPA funds not be used for?

Restrictions on the uses of these funds include:

Funds allocated to states cannot be used to directly or indirectly to offset tax reductions or delay a tax or tax increase; Funds cannot be deposited into any pension fund.

What is a federal matching grant?

A match for a federal grant is the non-federal share of the total project costs that a grantee is required to contribute to achieve the purposes of the award. The required match percentage, sources of match, and other requirements vary from program to program, so the program solicitation should be consulted.

What are federal matching funds?

Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good. The terms cost sharing, in-kind, and matching can be used interchangeably but refer to different types of donations.

What is the in-kind match for federal grants?

In-Kind Match is a non-cash contribution of value provided by the national heritage area coordinating entity or by non-Federal third parties. In-kind match is typically the calculated value of personnel, goods, and services, including direct and indirect costs.

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 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.

Can ARPA funds be used for payroll?

operational needs etc. workers, recipients can use funds to cover the full payroll and covered benefits costs for employees or operating units or divisions primarily dedicated to the COVID-19 response.

What is the difference between ARPA and ARRA?

Notes: ARPA = the American Rescue Plan Act of 2021; ARRA = the American Recovery and Reinvestment Act of 2009.

Is ARPA the same as cares?

The CARES Act was the first of three major pieces of COVID-19 relief legislation. The Consolidated Appropriations Act (CAA) followed the CARES Act and the American Rescue Plan Act (ARPA) came last.

Are ARPA funds subject to Davis Bacon?

No, ARPA has received a waiver from Davis Bacon requirements.

What are the four types of federal funds?

What happens to unused federal grant money?

§ 885.19 What happens to unused funds from my grant? All program grant funds are available until expended. If there are any unexpended funds after your grant is completed, we deobligate the funds when we close your grant.

What is an example of a project grant?

Grant money refers to the funds allocated to an organization or individual. For example, a grant awarded to a non-profit organization working with migrant populations to help them develop an English literacy program over a period of 12 months would fall within the project grants definition.

What are the two main types of federal grants?

Categorical grants can be used only for a specifically aided program and usually are limited to narrowly defined activities. Block grants can be used only for a specifically aided set of programs and usually are not limited to narrowly defined activities.

What is the difference between a grant and a federal award?

In general terms, “substantial involvement” refers to the degree to which federal employees are directly performing or implementing parts of the award program. In a grant, the federal government provides oversight and monitoring but is not directly involved in the project.

What is the difference between a federal grant and a block grant?

Block grants have less oversight from the larger government and provide flexibility to each subsidiary government body in terms of designing and implementing programs. Block grants, categorical grants, and general revenue sharing are three types of federal government grants-in-aid programs.

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.

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.

Does 2 CFR 200 apply to ARPA funds?

Local governments should review the requirements, compare them to their current policies and procedures, and consult with legal counsel to evaluate. In addition, we recommend that all ARPA awardees review 2 CFR Part 200 Subpart D, as this section describes the requirements most applicable to local governments.