The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers.
State and local governments will have greater flexibility to spend $350 billion of federal COVID-19 aid under new rules from President Joe Biden s administration.
Treasury broadens COVID relief uses for states, localities wfmj.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wfmj.com Daily Mail and Mail on Sunday newspapers.
The revised rules mean that most cities and counties will be free to spend their entire allotment on any government services without having to prove they lost revenue during the pandemic.
The Nashville Ledger tnledger.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tnledger.com Daily Mail and Mail on Sunday newspapers.