The U.S. Treasury recently issued guidance for the Coronavirus Capital Projects Fund for tribal governments funded by American Rescue Plan Act (ARPA) funds.
Each tribe is entitled to apply for and receive $167,504. If a tribal government does not apply for funds by June 1, 2022, the tribal government may forfeit its allocation and such funds may be reallocated to other tribal governments. Tribal governments are encouraged to submit applications well in advance of the deadline to allow time for remediation prior to the deadline, if needed.
The Treasury will post the specific timeframe during which it will accept Capital Projects Fund applications on its website.
For a capital project to be an eligible use of Capital Projects Fund grant funds, it must meet all of the following criteria:
- The capital project invests in capital assets designed to directly enable work, education and health monitoring.
- The capital project is designed to address a critical need that resulted from or was made apparent or exacerbated by the COVID-19 public health emergency.
- The capital project is designed to address a critical need of the community to be served by it.
Program administrative costs may not exceed the greater of 5% of the total amounts of the grant received under the Capital Projects Fund, or $25,000.
All funds must be expended by December 31, 2026, which is the end of the period of performance. Recipients must return to the Treasury any grant funds that are not used by the end of the period of performance on December 31, 2026.
Wipfli can help
If you need assistance determining where and how to invest your tribe’s American Rescue Plan Act funds, we can help. Click here to learn more. In addition, we can assist in completing the application and preparing the project and expenditure reports. Our tribal practice professionals can help you meet the demands of today and strategize for the future — leveraging your ARPA funds to the fullest.
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