Treasury Releases CARES Act Guidance

New guidance describes eligible expenses and process to apply

Apr 13, 2020 | ARTICLE

The U.S. Department of Treasury released guidance on April 13 for state and local governments on the $150 billion Coronavirus Relief Fund in the CARES Act.

The Coronavirus Relief Fund requires eligible local governments to provide payment information and supporting documentation no later than 11:59 p.m. EDT on April 17, 2020.

The only expenses eligible for reimbursement are those that

  • Are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19).
  • Were not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act) for the state or government.
  • Were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020.

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