HomeMy WebLinkAbout100322 FW_ Join NACo TODAY for a national membership call on the Local Assistance and Tribal Consistency Fund
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From: NACo
Sent: Monday, October 3, 2022 9:35:32 AM (UTC-08:00) Pacific Time (US & Canada)
To: Kate Dean
Subject: Join NACo TODAY for a national membership call on the Local Assistance and Tribal Consistency Fund
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The U.S. Treasury Department announced the release of Local Assistance and Tribal Consistency Fund
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NACo NATIONAL MEMBERSHIP CALL <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=U4kXdlgZz3T0lO0KGasA143aGmF66acG5T3GUwJKCb6yYSkKh866Di37SfGBZiTAT9P_Ebp5Fwnm_zvE6jrusQ~~&t=xMZv0HtT4uYam
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Treasury LAUNCHES THE LOCAL ASSISTANCE & TRIBAL CONSISTENCY FUND <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=VQZToboFgsCIESfoYFpHP-vG4sFhTInl2tRH8TfRfAr2barCiGvbeEu9BNd0rtVfj-ghe
IgCEnxeGzyvyPxPpQ~~&t=xMZv0HtT4uYam9j4myLbRw~~>
On September 29, the U.S. Treasury Department announced the release of Local Assistance and Tribal Consistency Fund (LATCF) <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=LVd4PeHSJZ
vgbI231ErocL0fbsMFYvaOG5nm3RSoqy2veKhsPkUn9FGqoLFUMziaSws8WWzHxF8QPj70yfM6kw~~&t=xMZv0HtT4uYam9j4myLbRw~~> payments, providing $1.5 billion in two equal payments of $750 million for
Fiscal Years 2022 and 2023 to “eligible revenue sharing counties” – or those counties with large amounts of federally owned public lands – under the American Rescue Plan Act (ARPA).
NACo has worked with Congress and the administration since March 2021 to ensure the final distribution formula reflects the original intent of the LATCF to support counties with federal
lands within their boundaries.
NATIONAL MEMBERSHIP CALL <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=6keDuVRa7yflcQxrty-PiRKSuaz3RhpMrxkgHMLHdhGZ4d2rVD2IhhkTmP7LZJac_QL5y3TmjGVpmNyibwdiNA~~&t=xMZv0HtT4uYam9j4my
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TODAY, OCT. 3 | 3 P.M. EDT <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=grpBjeT0r1J4hk2qR04x5sAtj9rJ1AaJUETPcVueLAMh3_5HGuCnClFyfsxp-lOQwLaTmoKnzCFCAMNLiEQPeQ~~&t=xMZv0HtT4uYam9j4
myLbRw~~>
NACo will host a national membership call on the Local Assistance and Tribal Consistency Fund <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=Vt_fx8xYtzWBuTIBhPxRWnw9fHdWVBkVUpR_w_QJ
UgylyNSfpql-45CO2hix0jsnEzAO-w0nInevFouA120XMQ~~&t=xMZv0HtT4uYam9j4myLbRw~~> . NACo staff will provide an overview of the distribution of LATCF funds, eligible uses and reporting requirements,
and answer questions from county officials about the program.
NACo members interested in attending the call can register here <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=ZHoLSWFt3fX7MANTfFyGKHoZ8tC9NnN3zJy3eIQiSgAuMf9XHE0LvD7yDsznanhIQoZ3tH
QIWSuEBKDrUf8Q5g~~&t=xMZv0HtT4uYam9j4myLbRw~~> .
ARPA states that LATCF funds are available “for any governmental purpose other than a lobbying activity.” These funds can be treated like general revenue or federal Payments in Lieu
of Taxes (PILT) funds. Examples of eligible uses include economic development, affordable housing, transportation infrastructure and emergency services.
A total of 2,086 local governments — including the District of Columbia, Puerto Rico and the U.S. Virgin Islands — are considered eligible revenue sharing counties under the LATCF formula.
The FY 2022 payment is immediately available, while the second payment will be made sometime in calendar year 2023.
Treasury’s online portal <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=u0EAQHv_10eIoIJpek_FpuQ44m8CIphvOdfLzw29Mn3P-93sbq_i_Jd3Foqjz5ACHufPt6sKz3jobryqczeqog~~&t=xMZv0HtT4uYam9j4my
LbRw~~> provides application instructions and information on specific funding levels <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=OUnWRdPTgK6MHwcRDRPYHrkQb9WcGHTUcjZ_08BpskDbOmSy
4cvWU2SY4t9zgz342CCpPLDWqjucsCKZh5tRkQ~~&t=xMZv0HtT4uYam9j4myLbRw~~> for each eligible county. It will take approximately four to five business days for Treasury to review and process
payment applications. Each county’s designated point of contact will receive further information on the timing and amount of the first payment. The deadline for counties to apply through
the online portal is January 31, 2023 at 11:59 p.m. Alaska Standard Time.
LEARN MORE
ABOUT LATCF <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=M-DpkBeL8OqqEv5huxItyN6HZ32ofTZUDIXf6nr856l1vmgXBVoL3n8PCN1V4Kh2bN9hMpsFJH28nTjpEScCBA~~&t=xMZv0HtT4uYam9j4myLbRw~~>
REGISTER FOR NACo's MEMBERSHIP CALL <https://www.mmsend50.com/link.cfm?r=b_5cxdcAxAVR3h0NaLyCOA~~&pe=A_HB9dXmgZu9NyChw3YIcX6BhRhIf1wppJj-_rnOuEzHGz4UcQsB85QmaSmqfKNsEt9bf58NxoZBcNOjt6DkPQ~~&t=xMZv0Ht
T4uYam9j4myLbRw~~>
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