The United States Department of the Treasury has released updated Frequently Asked Questions (FAQs) for the Coronavirus State and Local Fiscal Recovery Fund (CSLFRF).
To see the entire list of updated questions, please click HERE. On page 2, you will find a list of the new and updated questions.
Points of interest include:
- Question 4.6 – Previously, CSLFRF could only be used as a match for other federal grants if expended under the revenue loss/replacement category. This FAQ clarifies that CSLFRF may be used as a match under one of the other eligible use categories if allowed by statute. As an example, the Infrastructure Investment and Jobs Act (IIJA) allows for CSLFRF to be used to meet matching requirements on certain projects.
- Question 13.15 – This FAQ addresses revenue loss/replacement funds and scopes out many of the Uniform Guidance requirements in 2 CFR 200 parts D & E, including procurement requirements, except for specific requirements listed in the FAQ. Note that this only applies to the revenue loss category and entities are still required to follow their own internal policies. Expenditures under the other eligible uses of CSLFRF (responding to the negative impacts of the pandemic, premium pay, and investments in water, sewer, and broadband infrastructure) are still subject to all requirements of the Uniform Guidance.
- Question 13.16 – This FAQ addresses the use of items purchased with CSLFRF funds during and after the period of performance.
- Question 13.17 – Clarifies the term “obligation” and provides insight on how to address the obligation of payroll costs.
And, as always, your Mauldin & Jenkins professionals are available to assist you with any questions.
