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Obligating SLFRF Funds Through an Interagency Agreement — Treasury Quick Reference Guide

Summary

This Treasury document, headed Obligating SLFRF Funds Through an Interagency Agreement, says a recipient of State and Local Fiscal Recovery Funds (SLFRF) may enter into an interagency agreement, including a memorandum of understanding, between departments and agencies within its government and treat those funds as obligated if the agreement meets certain conditions. It says SLFRF recipients must obligate all funds by the end of 2024 and expend all funds by the end of 2026. It states that the interagency agreement must be in effect by December 31, 2024, must meet one requirement from Column A and all requirements from Column B, and must be reported to Treasury as described in the Compliance and Reporting Guidance.

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Congressional materials
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Department Of The Treasury Inter Agency Agreement Quick Reference Guide Home Treasury Gov
Case
Department Of The Treasury Inter Agency Agreement Quick Reference Guide Home Treasury Gov System Fil 06A3D790Ff

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“Obligating SLFRF Funds Through an Interagency Agreement — Treasury Quick Reference Guide.” Original at home.treasury.gov. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/department-of-the-treasury-inter-agency-agreement-quick-reference-guide-home-treasury-gov-system-fil-06a3d790ff/, SHA-256 cd8da2e439695d6d2da392ed2a4d9974cefb2275445b4f5c682e05eb1e5d0796.

Full text

               Obligating SLFRF Funds Through an Interagency Agreement
State, local, territorial and Tribal governments across the country are using State and Local Fiscal Recovery
Funds (SLFRF) to mitigate the fiscal impacts of the pandemic and serve the needs of their communities.
Treasury has clarified that a recipient may enter into an interagency agreement, including a memorandum of
understanding, between departments and agencies within a recipient’s government and treat those funds as
obligated for purposes of SLFRF if the interagency agreement meets certain conditions, as discussed below and
pursuant to FAQ 17.6.
SLFRF recipients must obligate all funds by the end of 2024, and must expend all funds by the end of 2026.1
Treasury published the additional guidance in Section 17 of the SLFRF FAQs to clarify how recipients can
complete obligated projects in 2025 and 2026, using contracts or subawards or interagency agreements.
Recipients may wish to use funds for a variety of projects undertaken themselves:
    • To carry out educational programs, such as payroll for teachers for a summer program to address learning loss
     related to the pandemic;
    • To administer a workforce training program;
    • To finance capital projects through a housing agency;
    • To provide public safety services.
The interagency agreement must be in effect by December 31, 2024, and must meet these conditions:

            ONE requirement from Column A:                                                         ALL requirements from Column B:
    • Imposes conditions on the use of funds by recipient                                • Sets forth specific requirements (e.g., scope of work
      agency, department, or part of government receiving                                   and project deliverables)
      funds to carry out the program
    • Governs provision of funds from one agency,                                        • Is signed by the parties or otherwise evidences assent
      department, or part of government to another to carry                                 of parties
      out an eligible use of SLFRF funds
    • Governs the procurement of goods or services by                                    • Does not disclaim binding effect or state that it does
      one agency, department, or part of government from                                    not create rights or obligations
      another

The interagency agreement must be reported to Treasury as described in the Compliance and Reporting
Guidance. A recipient can modify an existing interagency agreement before December 31, 2024 to ensure
it meets the requirements described above and in FAQ 17.6. The agreement may also be between units
of a Tribal government, as described in FAQ 17.23.
You can learn more about obligating SLFRF Funds through an interagency agreement
by visiting our webpage, Coronavirus State and Local Fiscal Recovery Funds Frequently
Asked Questions at https://home.treasury.gov/system/files/136/SLFRF-Final-Rule-FAQ.pdf
and see FAQs 17.6 and 17.23, or scan this QR code:


1    For projects under the Surface Transportation and Title I eligible use categories, recipients must expend funds by September 30, 2026.


U.S. Department of the Treasury                                                                              State and Local Fiscal Recovery Funds

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