(A) There is created a new Fund with the Clerk-Treasurer’s office that shall be entitled “ARP Grant Fund,” and the Clerk-Treasurer has issued a fund number of 176 with respect to these funds, and such funds shall be non-reverting.
(B) The purpose of the funds is to be used for only the following reasons as set forth in § 603(C) of the ARP in accordance with U.S. Treasury Guidance:
(1) To respond to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19) or its negative economic impacts, including assistance to households, small businesses, and non-profit, or to aid the impacted industries such as tourism, travel, and hospitality;
(2) To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible works of the metropolitan city, the non-entitlement unit of local government, or the county that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;
(3) For the provision of government services to the extent of the reduction in revenue of such metropolitan city, non-entitlement unit of local government, or county due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the metropolitan city, non-entitlement unit of local government, or county prior to the emergency; or
(4) To make necessary investments in water, sewer, or broadband infrastructure as approved by the U.S. Treasury.
(C) The funds shall be appropriated by the town’s fiscal body before use.
(D) All expenditure of funds shall be approved by the Town Council with any and all claims to be paid from the town’s ARP Fund.
(E) The Town Council will establish the plans, conditions, and rules upon which the funds are to be requested and used.
(F) Any unused funds shall be paid back to the U.S. Treasury when required.
(G) The Clerk-Treasurer shall keep accurate and complete financial records of the receipt and expenditure of any and all funds deposited and paid from this new Fund.
(H) No money received in the ARP Fund shall be used for any type of deposit into any pension fund.
(Ord. 2021-02, passed 4-13-2021)