U.S. Treasury Guidance

Note: Find Updating U.S. Treasury Information and FAQs on our Frequently Asked Questions page, here

The U.S. Department of the Treasury on May 10, 2021 issued formal guidance to implement the Coronavirus State Fiscal Recovery Fund and the Coronavirus Local Fiscal Recovery Fund established under the American Rescue Plan Act.

That announcement can be read here. Official guidance is linked here, and below. 

U.S. Treasury Guidance - Interim Final Rule
 
Compliance and Reporting Guidance
 

The U.S. Treasury published an up-to-date and detailed document June 17 outlining reporting requirements of all recipients of American Rescue Plan funds, including both metropolitan and non-entitlement units.

The document, titled “Coronavirus State and Local Fiscal Recovery Funds Guidance on Recipient Compliance and Reporting Responsibilities,” provides information and clarification on the compliance and reporting responsibilities of all local governments.

 

A few important summarized notes from the document can be found in our blog, here.

Pre-Award Requirements for Municipalities Receiving Direct Funds

Updated: April 16, 2021

This applies to North Carolina's 26 CDBG cities. For non-CDBG cities and towns, please visit the State Guidance page to learn how funds will be distributed from the state. 

On April 15, 2021, the U.S. Treasury Department issued the following guidance:

 

Prior to the formal launch of the Coronavirus State and Local Fiscal Recovery Funds Program, those entities that are eligible to receive a direct payment of funds from Treasury under the program should prepare certain information in advance as outlined below. By undertaking these preparatory steps, eligible entities will be better positioned to receive payments from Treasury in a more timely manner after the program is launched.


Direct payment from Treasury will be made to:

  • States (defined to include the District of Columbia)

  • Territories

  • Tribal governments

  • Counties

  • Metropolitan cities

 

All Federal financial assistance recipients must have a Data Universal Numbering System (DUNS) number and an active registration with the System for Award Management (SAM) database at SAM.gov. As a result, all eligible entities receiving direct payment from Treasury under the State and Local Fiscal Recovery Funds Program will need a DUNS number and an active SAM registration to receive payment. The DUNS and SAM registration process may take several business days to complete. Therefore, Treasury recommends that eligible entities begin those registration processes if they have not already completed them.


As soon as possible, these governments should take the steps below:

  1. Ensure the entity has a valid DUNS number. A DUNS number is a unique nine-character number used to identify an organization and is issued by Dun & Bradstreet. The federal government uses the DUNS number to track how federal money is allocated. A DUNS number is required prior to registering with the SAM database, which is outlined below. Registering for a DUNS number is free of charge.
    If an entity does not have a valid DUNS number, please visit https://fedgov.dnb.com/webform/ or call 1-866-705-5711 to begin the registration process.

  2. Ensure the entity has an active SAM registration. SAM is the official government-wide database to register with in order to do business with the U.S. government. All Federal financial assistance recipients must register on SAM.gov and renew their SAM registration annually to maintain an active status to be eligible to receive Federal financial assistance. There is no charge to register or maintain your entity SAM registration.
    If an entity does not have an active SAM registration, please visit, SAM.gov to begin the entity registration or renewal process. Please note that SAM registration can take up to three weeks; delay in registering in SAM could impact timely payment of funds. Click here for a quick overview for SAM registration

  3. Gather the entity’s payment information, including:

    • Entity Identification Number (EIN), name, and contact information

    • Name and title of an authorized representative of the entity

    • Financial institution information (e.g., routing and account number, financial institution name and contact information)

View the U.S. Treasury's full announcement here.