Ppr Int 347B9Fc65736E96C Notice To Units Of Local Government That Have Not Yet Accepted An - Ppr Int 347B9Fc65736E96C Notice To Units Of.

Summary

Treasury notice on Emergency Rental Assistance under the American Rescue Plan Act of 2021 (ERA2) for units of local government that have not accepted any ERA2 funds or executed the ERA2 Award Terms. Those that intend to participate must contact the Department of the Treasury by email by 5:00 PM Eastern Time on May 16, 2022; otherwise Treasury will redirect their preliminary ERA2 allocations to other eligible governments within their states. A government that signs on by that deadline but had not done so by April 30, 2022 receives a first tranche equal to 40% of its announced preliminary allocation, and 60% is reallocated under Treasury's ERA2 Reallocation Guidance. Governments that have taken either step need not contact Treasury.

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Full text

                           U.S. Department of the Treasury
    Emergency Rental Assistance Under the American Rescue Plan Act of 2021 (ERA2)

Notice Regarding Funds Preliminarily Allocated to Units of Local Government That Have
                       Not Taken Steps to Participate in ERA2

Any unit of local government that intends to participate in ERA2 but has not accepted any ERA2
funds or executed the ERA2 Award Terms must contact the Department of the Treasury at
ERAApplications@treasury.gov by 5:00 PM Eastern Time on May 16, 2022 to indicate its
intent to participate in ERA2.

To obtain an ERA2 allocation, units of local government were required to certify their election to
receive ERA2 funds and intent to use such funds in a manner consistent with statutory
requirements, under section 3201(b)(1) of the American Rescue Plan Act of 2021. In publicly
announced preliminary ERA2 allocations, Treasury included units of local government eligible
to participate in ERA2 that had not yet submitted the required certification.

Most eligible units of local government executed the program’s Award Terms and accepted their
first tranche of funds, but several have not. If those units of local government do not contact
Treasury by the deadline stated above, Treasury will redirect their preliminarily ERA2
allocations to other eligible governments within their respective states. Treasury will contact the
state or local governments whose preliminary ERA2 allocations may be augmented by these
funds.

If a unit of local government indicates its intent to participate in ERA2 by 5:00 PM Eastern Time
on May 16, 2022, but had not done so by April 30, 2022, Treasury will provide it with the first
tranche of its ERA2 allocation, equal to 40% of the amount announced in Treasury’s preliminary
ERA2 allocations. However, 60% of the unit of local government’s allocation will be
reallocated pursuant to Treasury’s ERA2 Reallocation Guidance.

This notice applies only to units of local government that have not accepted any ERA2 funds
(including an initial tranche of ERA2 funds) or executed the ERA2 Award Terms. Any unit of
local government that has taken either of these actions is not required to contact Treasury and
should continue to operate its ERA2 program.


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