AMERICAN RESCUE PLAN ACT
The American Rescue Plan Act (ARPA), signed by President Biden on March 11, 2021, provides for the distribution of federal fiscal recovery funding to states, tribal governments, metropolitan cities, counties, and nonentitlement units (NEUs) of local governments, which generally have populations below 50,000. Funding allocations for states, tribal governments, metropolitan cities, and counties are received direct from the U.S. Department of the Treasury. The funding allocation for NEUs, such as cities in North Dakota, is provided from the U.S. Department of the Treasury to the state, and the state must then allocate that funding to the eligible NEUs (cities) based on their population.
The estimated allocation for the City of Minot is $7,439,371.75 and the use of the funds is limited to specific infrastructure projects or to offset revenue losses due to the Covid-19 pandemic. The City needs to complete the necessary application and paperwork to receive funding.
The recommendation is to approve the application for the ARPA funding and authorize the Finance Director to sign the necessary paperwork.