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GAO-24-107301 1 (2024-09-26)

handle is hein.gao/gaoqwu0001 and id is 1 raw text is: Why This Matters Key Takeaways How much in SLFRF awards did states and localities receive? The Coronavirus State and Local Fiscal Recovery Funds (SLFRF) program allocated $350 billion to tribal governments, states, the District of Columbia, local governments, and U.S. territories to help cover a broad range of costs stemming from the health and economic effects of the COVID-19 pandemic.1 SLFRF was established under the American Rescue Plan Act of 2021 (ARPA) and is administered by the Department of the Treasury. SLFRF recipients must regularly submit reports to Treasury on their use of the awards and the projects undertaken with them.2 SLFRF recipients have until December 31, 2024, to obligate their SLFRF awards and generally have until December 31, 2026, to spend their awards. The CARES Act includes a provision for us to monitor the use of federal funds to respond to the COVID-19 pandemic.3 This report updates our October 2023 and April 2024 reports on states' and localities' SLFRF spending and uses of SLFRF.4 We will continue to review states' and localities' reported obligations and spending, as well as their uses of SLFRF awards. * As of March 31, 2024-the most recent data available at the time of this report-states reported obligating 84 percent ($163.7 billion) and spending 60 percent ($117.3 billion) of the SLFRF awards they received. * Localities reported obligating 76 percent ($95.8 billion) and spending 60 percent ($75.8 billion) of their awards during the same period.5 * States and localities reported spending the largest share of their awards to replace revenue lost due to the pandemic. As of March 31, 2024, 45 percent ($53.2 billion) of states' reported spending and 68 percent ($51.5 billion) of localities' reported spending was used for this purpose. Under ARPA, the SLFRF allocated the $350 billion across six groups of recipients (see fig. 1). Localities included counties, metropolitan cities (which we refer to as cities throughout this report), and non-entitlement units of local government (NEU), which are smaller local governments typically serving populations of less than 50,000.6 Page 1 GAO-24-107301 Fiscal Recovery Funds Page 1 GAO-24-107301 Fiscal Recovery Funds

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