The Treasury Department said Thursday it had distributed $105.3 billion of a $350 billion pool of American Rescue Plan funding that is available for state, local, tribal and territorial governments. Treasury released guidelines about 11 days ago for how the federal aid can be used, officially kicking off the program. “Almost a third of the funding has gone out the door, and I’m hopeful communities will be able to rehire teachers and help businesses re-open much sooner than otherwise,” said Treasury Secretary Janet L. Yellen in a statement. Over 1,500 recipients have received the Coronavirus State and Local Fiscal Recovery Funds, Treasury said. The funds are intended to help address hardships brought on by the Covid-19 public health crisis.
Source: Route Fifty
