Last updated on 5/6/2020
The CARES Act authorized $150 billion for the Coronavirus Relief Fund (CRF) intended to assist state and local governments with the cost of the COVID-19 pandemic, of which $1.8 billon is allocated to Louisiana. Local governments will share in the funds. According to the Act, the funds may be used for costs that:
On the surface, the restrictions in the Act may appear to be self-explanatory. However, many questions have arisen, answers to which can potentially maximize cost recoveries under this program. Examples include:
The Department of the Treasury has created several resources related to clarifying the CRF, including a listing of eligible units of local government, CRF guidance for governments, FAQs, and more.
P&N has extensive experience in governmental accounting, auditing, and grants administration services. If you have questions about CRF funds or any other CARES Act funding, please contact us for assistance.