Title
Consider and take action on a resolution authorizing a formal spending plan of the American Rescue Plan Act grant funding by the U.S Treasury to the City of League City (Executive Director of Finance and Project Management)
Background:
Approval of this item will authorize a formal spending plan be submitted to the U.S. Treasury of how the American Rescue Plan Act grant dollars will be invested.
Council approved the acceptance of the American Rescue Plan Act grant funds on July 13, 2021. The purpose of the grant is to support the immediate pandemic response, bring back jobs, and lay the groundwork for a strong and equitable recovery, the American Rescue Plan Act of 2021 established the Coronavirus State and Local Fiscal Recovery Funds, designed to deliver $350 billion to state, local, territorial, and Tribal governments to bolster their response to the COVID- 19 emergency and its economic impacts. The City of League City has been allocated $10,385,742.
The ARP allows local jurisdictions to allocate any funds received through this program to a variety of expenses to include:
A. Public Health and Economic Impacts - Eligible expenses in this category must be in response to the "disease itself or the harmful consequences of the economic disruptions". There is a sample list of eligible expenses in the Interim Final Rule (beginning on pg. 10).
B. To respond to workers performing essential work during the COVID- 19 public health emergency by providing premium pay to eligible workers - This is outlined beginning on page 45 of the Interim Final Rule.
C. Provision of government services to the extent of the reduction in revenue due to the COVID- 19 public health emergency relative to revenues collected in the most recent full fiscal year prior to the emergency (beginning bottom of pg. 51 of the Interim Final Rule)
D. To make necessary investments in water, sewer, or broadband infrastructure - This is outlined beginning on page 63 of the Interim Final Rule (Ens...
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