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Original Author: Spencer, Eric
Co-author: Harris, Brad
Stegall, Kay
Travis, Tonya
Wheeler, Cassie
Date of Material: 09/21/2021

Subjects(s):
Finance--Local government--Tennessee
Finance--Municipal--Tennessee

Fiscal Recovery Fund (FRF) Overview

Reviewed Date: 09/21/2021
Summary:
As a result of the COVID-19 pandemic and its effects on economies, the federal government passed the American Rescue Plan Act (ARPA) on March 11, 2021. It provides for a substantial infusion of fiscal recovery funds into state and local governments throughout the United States. Tennessee was allocated $3.725 billion for use at the state level, and $2.28 billion to be distributed to local governments. This is a guide provides an overview of the funding process.



Attachments:
file Fiscal Recovery Fund Overview_final_09202021.pdf