HomeMy WebLinkAbout051324 - Contact your Senators to oppose overturning Obligation IFR for ARPAALERT: BE CAUTIOUS This email originated outside the organization. Do not open attachments or click on links if you are not expecting them.
A group of U.S. Senators introduced a CRA joint resolution to overturn the Obligation IFR published
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NACo ACTION ALERT:
CONTACT YOUR SENATORS TO OPPOSE CRA TO OVERTURN OBLIGATION IFR FOR STATE AND LOCAL FISCAL RECOVERY FUND
A group of U.S. Senators introduced a Congressional Review Act (CRA) joint resolution <https://www.mmsend50.com/link.cfm?r=0yckTxTLRi2lPvc54pqACw~~&pe=uNx_D2oh4KMRhFUqU5-ASJ9lrpPXOFN6yBSwbA4C9SLjsjAm
7us-48eHkWZx6nSCFnPd-boqF8qseYdKNrZ2fQ~~&t=GXmQBmop9v8Zxbq_wHtNkA~~> to overturn the Obligation Interim Final Rule (IFR) published by the U.S. Department of Treasury (Treasury) in November
2023 <https://www.mmsend50.com/link.cfm?r=0yckTxTLRi2lPvc54pqACw~~&pe=upslPRLGpf9nPE1RMiM3HkJG8uwwj7ZYsqZIsr0xxvtF_4aFo34fr1PEWwtV-5z3bqtkaRcZYlkhjBnGFT_f_g~~&t=GXmQBmop9v8Zxbq_wHtNkA~~>
for the American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Fund (SLFRF).
If passed, counties would no longer be able to invest SLFRF dollars towards certain personnel costs, reclassify excess funds after the December 31, 2024 deadline and flexibilities for
subrecipients would be limited.
The Obligation IFR <https://www.mmsend50.com/link.cfm?r=0yckTxTLRi2lPvc54pqACw~~&pe=eFC75meyl8uuQ3MvmtBlob1jR7CZM-OhkjoSeSYogapcDq9RfMg6PYmWcjyppjM6tchlEHvKTNZMXNH-xeXAvA~~&t=GXmQBmop9v8Zxbq_wHtNkA~~
> and Treasury's associated FAQs <https://www.mmsend50.com/link.cfm?r=0yckTxTLRi2lPvc54pqACw~~&pe=zOSyoBd7Ry27h-NSMKp0G24FOztrlygr1gFoy_XJUEeZyVIYMjBGFJtDclVfO8aPmp6KJpNuzQ5sERqdhMEnog~~&t=GXmQBmop9
v8Zxbq_wHtNkA~~> , which NACo strongly supports and advocated for, provides states and local governments with critical guidance and flexibilities related to the December 31, 2024 deadline
for recipients to obligate ARPA SLFRF funds.
Passage of the CRA would overturn the Obligation IFR and negate associated FAQs providing counties with key flexibilities in obligating funds.
The U.S. Senate could consider this CRA as soon as Wednesday, May 15.
NACo URGES YOU TO CONTACT YOUR U.S. SENATORS AND URGE THEM TO OPPOSE THE CRA TO OVERTURN TREASURY'S OBLIGATION IFR.
ACCESS NACo's TEMPLATE LETTER FOR COUNTIES <https://www.mmsend50.com/link.cfm?r=0yckTxTLRi2lPvc54pqACw~~&pe=yfELh-UlwV2jn9WjEdqYuvcdPCd07Aqwmldco5ObXt5D817e0eebXww0ewGXLZSvc7PM7BQpv57tLnbS1dZWww~~&t=
GXmQBmop9v8Zxbq_wHtNkA~~>
CONTACT YOUR SENATORS <https://www.mmsend50.com/link.cfm?r=0yckTxTLRi2lPvc54pqACw~~&pe=nM0gDJlAuO0NZLVuosfRj2GTOCz8sfA6U2hfzldZDLpaFlWtTFu_Ix3ewrDdpOI46teCjLgN80Jp6fBU4S9vnw~~&t=GXmQBmop9v8Zxbq_wHtNk
A~~>
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