(A) Fund #176, the ARP Coronavirus Local Fiscal Recovery Grant Fund is hereby established.
(B) The source of funding includes monies allocated to the town from ARP and distributed to the town in 2021 and 2022.
(C) The town shall only appropriate and use the funds 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 nonprofits, 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 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 as approved by the U.S. Treasury.
(E) The Town Council shall adopt a plan which provides details for the use of funds.
(F) The fiscal officer will maintain detailed accounting records of the fund to provide for future audits of the ARP fund.
(Ord. 2021-0617, passed 6-17-2021)