(a) There is established a City of Carmel “ARP Coronavirus Local Fiscal Recovery Fund (#176)”.
(b) All monies received from the ARP Coronavirus State and Local Fiscal Recovery Funds shall be deposited into the ARP Coronavirus Local Fiscal Recovery Fund (#176), which shall be a non-reverting fund.
(c) Per Section 603(c) of the Social Security Act, monies in ARP Coronavirus Local Fiscal Recovery Fund (#176) shall only be used for one of the following purposes:
(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 nonprofits, or aid to 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 workers of the metropolitan city, nonentitlement unit of local government, or 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, nonentitlement 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, nonentitlement unit of local government, or county prior to the emergency; or
(4) To make necessary investments in water, sewer, or broadband infrastructure.
(d) Monies in the ARP Coronavirus Local Fiscal Recovery Fund (#176) shall not be transferred into the General Fund, except as provided by applicable law.
(e) The ARP Coronavirus Local Fiscal Recovery Fund (#176) shall be administered by the Controller. No monies shall be spent from the ARP Coronavirus Local Fiscal Recovery Fund (#176) unless they have been appropriated by the Common Council.
(Ord. D-2581-21, 5-5-21)