(A) The ARP Coronavirus Local Fiscal Recovery Fund (Fund #176) is hereby established.
(B) The source of funding for the ARP Coronavirus Local Fiscal Recovery Fund (“Fund”) includes monies allocated to the town from the Coronavirus Local Fiscal Recovery Fund under Section 603 of the Social Security Act, as added by Section 9901 of the ARP.
(C) The town shall only appropriate and use money from the Fund to cover costs incurred by the town by December 31, 2024, for 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 town 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 the town due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year of the town prior to the emergency; or
(4) To make necessary investments in water, sewer, or broadband infrastructure.
(Ord. 13-2021, passed - -21)