CARES ACT - Coronavirus Relief Fund

CARES Act Coronavirus Relief Fund

The CARES Act, signed into law on March 27, 2020, included $150 Billion in Coronavirus Relief Fund (CRF) allocations for State, Local, and Tribal governments. While the County of Nevada fell under the population threshold of 500,000 population to receive a direct allocation from the CRF, the Governor’s May Revision to the California State Budget included a proposal to share $1.3 Billion of the State’s CRF allocation with Counties.

On June 29, 2020, Governor Gavin Newsom signed the 2020 Budget Act, which made formal the allocation of $10 Million in CRF funds to the County of Nevada for purposes consistent with the guidance provided by the U.S. Department of the Treasury.

The CARES Act provides that payments from the Fund may only be used to cover costs that:

  • Are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19);
  • Were not accounted for in the budget most recently approved as of March 27, 2020 (the date of enactment of the CARES Act) for the State or government; and
  • Were incurred during the period that begins on March 1, 2020, and ends on December 30, 2020.2

The full U.S. Department of the Treasury guidance and FAQs are available online here: https://home.treasury.gov/policy-issues/cares/state-and-local-governments.


NEXT STEPS

The County of Nevada has not yet received CRF revenue from the State. However, County staff are in the process of developing a recommendation for the use of these funds. More information will be posted to this page as it is available.