Public Hearing: YES ☐ NO ☒ Department: Chief Executive Office
SUBJECT:
Title
Commission District(s): All
Allocation of American Rescue Plan Act - State and Local Fiscal Recovery Funds Interest
Body
Information Contact: Zachary L. Williams, COO/Executive Assistant
Phone Number: 404-371-2881
PURPOSE:
To allocate American Rescue Plan (ARP) Act - State and Local Fiscal Recovery Fund (SLFRF) interest.
NEED/IMPACT:
Pursuant to the approved motion at the November 19, 2024, Board of Commissioners Regular Meeting, this item allocates a total of $3.5 million in earned interest from the county’s ARP - SLFRF funds. Each commission district in the amount of $500,000. This action will also reserve approximately $1M for water billing assistance programs.
FISCAL IMPACT:
This agenda item allocates $3,500,000 from ARP - SLFRF earned interest. Each commission district is allocated $500,000.
RECOMMENDATION:
Recommended Action
To approve the resolution and authorize the chief executive officer to execute all necessary documents.