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Larry Walther, secretary of the Department of Finance and Administration, will chair the governor's American Rescue Plan Steering Committee.
Gov. Asa Hutchinson on Tuesday set up a 14-member American Rescue Plan Steering Committee to oversee the spending of $1.57 billion of the about $5 billion in federal pandemic aid coming to Arkansas.
The $1.57 billion is the amount going directly to state government; the rest will go to educational institutions, cities, counties and the state Department of Human Services.
About $285 million in funding will flow through the state Department of Finance and Administration to Arkansas communities with less than 50,000 residents, department spokesman Scott Hardin told Arkansas Business by email on Wednesday. The money allocated to each community is based on a formula that was established in guidance from the U.S. Department of the Treasury, he said.