Item 65A
approvedSep 7, 2022
Description
Authorize to accept and expend funds in the amount of $12,400,000 in American Rescue Plan Act State Fiscal Recovery Funds for the Local Employer Recoupment Extension Program to enable businesses with the ability to enter into loans to help reduce the near term burden of recoupment previously associated with CARES Act funded awards and risk of funds due repayment entering into collections. Effective upon G&C approval through June 30, 2023. 100% Federal Funds. Contingent on Fiscal Committee approval on September 9, 2022.
Amount
$12.4M
$12,400,000
Funding Source
100% Federal Funds
Vote Record
approved
Motion by Gatsas, seconded by Kenney authorized
Joseph Kenney
(R)
yes
Cinde Warmington
(D)
yes
Janet Stevens
(R)
yes
Ted Gatsas
(R)
yes
Dave Wheeler
(R)
no
Dissenting: Wheeler