American Rescue Plan Act

On March 11, 2021, the American Rescue Plan Act (ARPA) was signed into law, and established the Coronavirus State Fiscal Recovery Fund and Coronavirus Local Fiscal Recovery Funds, which together make up the Coronavirus State and Local Fiscal Recovery Funds (“SLFRF”) program. These funds are in response to the economic and public health impacts of COVID-19 and in their efforts to contain impacts on their communities, residents, and businesses. Funding from the Coronavirus State and Local Fiscal Recovery Funds is subject to the requirements specified in the Final Rule adopted by Treasury on January 6, 2022. 

The US Department of the Treasury website dedicated to explain the American Rescue Plan and the State and Local Fiscal Recovery Funds program can be found at the website linked here. From this website you can also access the ARPA Final RuleOverview of the Final Rule, and other resources. 

Timeline

  1. Council Decides on Use of Funds (current phase)
  2. Build out Project Proposals
  3. Proposal Review and Approval
  4. Funds Provided for Approved Projects

Village of Clemmons ARPA
Funding Breakdown

  • $6.6 million dollars total
  • 4 Eligible Use Categories
  • By end of 2024 all funds must be obligated
  • By the end of 2026 all funds must be spent.