​January 10, 2022

The U.S. Department of the Treasury (Treasury) recently released the following guidance for the American Rescue Plan Act – Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program. The Wisconsin Department of Revenue is currently reviewing this information to continue to be a resource for Wisconsin local governments.

Final Rule

• Final rule – takes effect on April 1, 2022 though recipients can choose to take advantage of its flexibilities and simplifications now
• Overview of the final rule – provides a summary of major rule provisions
• Statement regarding compliance with the SLFRF Interim Final Rule and Final Rule – provides guidance on the transition from compliance with the Interim Final Rule to compliance with the Final Rule

Reporting

• Each non-entitlement unit of local government (NEU – typically municipalities with a population less than 50,000) must submit a Project and Expenditure Report by April 30, 2022 and then annually thereafter
• Compliance and reporting guidance – provides detail and clarification for each recipient's compliance and reporting responsibilities under the SLFRF program
• Agreements and supporting documents user guide – provides instruction for NEUs on using Treasury's portal to submit the required information

Questions?

• Attend a webinar – Treasury is hosting webinars to answer questions about the Final Rule
  • January 10, 2022 at 4:00 p.m. ET: register here
  • January 12, 2022 at 1:00 p.m. ET: register here
• Email Treasury – SLFRP@treasury.gov
• Visit Treasury's website