title
AUTHORIZING EXECUTION OF MEMORANDUM OF UNDERSTANDINGS FOR INTERNAL COUNTY AMERICAN RESCUE PLAN PROJECTS FUNDED BY STATE AND LOCAL FISCAL RECOVERY FUNDS
body
WHEREAS, the County of Kane has received a total of $103,413,041 (One Hundred Three Million, Four Hundred Thousand, Forty-One Dollars) from the United States Department of the Treasury ("Treasury Department") through the American Rescue Plan Act of 2021 ("ARPA") to provide economic relief in response to the economic and public health impacts of the COVID-19 pandemic; and
WHEREAS, recipients of these State and Local Fiscal Recovery Funds ("SLFRF") must obligate all funds by December 31, 2024, and must expend all funds by December 31, 2026; and
WHEREAS, SLFRF recipients are required to return to the Treasury Department any SLFRF funds that have not been obligated by the obligation deadline of December 31, 2024; and
WHEREAS, the Treasury Department has defined the term "obligation" as "an order placed for property and services and entering into contracts, subawards, and similar transactions that require payment"; and
WHEREAS, pursuant to Treasury Department guidance (see Coronavirus State and Local Fiscal Recovery Funds FAQ 17.6), a SLFRF recipient may enter into an interagency agreement or a memorandum of understanding between its departments and treat portions of SLFRF funds as obligated if the agreement or memorandum of understanding meets certain criteria; and
WHEREAS, to ensure that the County's SLFRF funds are fully obligated by the December 31, 2024, deadline, the following internal County projects fall within the criteria and scope of FAQ 17.6 and may be obligated through a memorandum of understanding: ARPA Administration Expenses (Resolutions: 21-419, 21-420, 21-519, 22-115, 22-351, 22-353, 23-01, 23-03, 23-184, 23-270, 23-351, 23-357, 24-80, 21-508, 22-317, 22-352, 22-411, 23-51, 23-138, 23-139, 23-273, 23-350, 23-390, 24-36...
Click here for full text