LOC News
ARPA Deadline Approaching
By December 31, 2024, cities will need to obligate ALL of their American Rescue Plan Act State and Local Fiscal Recovery Funds (ARPA SLFRF).
As stated in the final Treasury rule, obligation means “an order placed for property and services and entering into contracts, subawards, and similar transactions that require payment.” This means it is not enough for local governments to simply budget the money, they need to go a step further and place an order for property or services that requires payment. If a municipality has not obligated its ARPA SLFRF funds by the end of 2024, they will have to return the funds to Treasury.
The National League of Cities has produced the following resources on ARPA that may be useful to help your city finalize obligating the funds:
- LOC’s American Rescue Plan Hub
- Obligate it or Lose it! Preparing for the Upcoming ARPA SLFRF Obligation Deadline
- Preparing Your City for ARPA SLFRF Obligation Deadline (Webinar)
- Local Government ARPA Investment Tracker
Contact: Jenna Jones, Lobbyist - jjones@orcities.org
Last Updated 11/15/24