ARPA

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Price
52W High price	$0.21
52W High date	13th Nov 2021 (3 years ago)
All Time High (ATH) Date	12th May 2025 (2 weeks ago)
All Time Low (ATL) Date	12th May 2025 (2 weeks ago)

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Description

American Rescue Plan Act

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American Rescue Plan Act

The American Rescue Plan Act (ARPA) was signed into law by President Biden on March 11, 2021. It provided direct funding to all cities, towns, and villages in the United States. The U.S. Department of the Treasury oversees the program. The ARPA includes several key aspects:

Key Components

• State and Local Fiscal Recovery Fund (SLFRF): This program guarantees direct funding to cities, towns, and villages. Localities can use these funds for various eligible projects, including infrastructure, disaster relief, and social programs.
• Eligible Uses: Funds can be used for a range of projects, including infrastructure improvements, disaster relief, supporting low-income families, and addressing the COVID-19 pandemic.
• Reporting and Compliance: Recipients must adhere to specific reporting requirements and compliance guidelines issued by the U.S. Treasury. These include submitting reports on project expenditure and performance.

Resources and Support

• Treasury Resources: The U.S. Treasury provides detailed guides, rules, and reporting templates for ARPA recipients.
• National League of Cities (NLC) Resources: The NLC offers additional resources, including treasury guidance, and assistance for compliance and reporting.
• Other Trackers: Other organizations, such as the Southern Economic Advancement Project (SEAP) and the Local Government ARPA Investment Tracker, provide data and analysis on local government ARPA expenditures.

Overall, the ARPA aims to provide financial relief and support to local governments across the United States, enabling them to address specific needs and challenges in their communities.

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