(A) The Town Council hereby acknowledges receipt of notification that the town will be allocated grant funds from the American Rescue Plan Act (ARPA); as a consequence of same, the Town Council hereby establishes the ARPA Local Fiscal Recovery Grant Fund in conformance with the provisions of applicable law.
(B) The Town Council hereby directs that all funds allocated to the town from the American Rescue Plan (ARP), upon receipt, shall be deposited into the newly established Fund for receipt of same, and use thereafter, consistent with the express and verified purposes of the ARPA. The Town Clerk-Treasurer is hereby directed and authorized to so establish the Fund in conformance with applicable state and federal law. The Clerk-Treasurer shall further deposit any grant funds received from the ARPA into the newly established Fund for eligible and permitted uses consistent with the ARPA requirement.
(C) The Town Clerk-Treasurer, upon receipt of ARPA grant funds, shall process additional appropriation proceedings as appropriate and required. Funds deposited into the ARPA Local Fiscal Recovery Grant Fund shall be used for any lawful purpose, but only upon the Town Attorney, Town Financial Advisor, and Town Clerk-Treasurer concurring in the eligibility of proposed use of such funds as presented for compliance with the ARPA's Grant Program Law. The Town Clerk-Treasurer is further directed to maintain the requisite and legally required detail of fund usage and expenditures in conformance with applicable law, and to segregate said fund for purposes of audit hereafter by the State Board of Accounts, or any other legal audit agency or entity.
(Ord. 316, passed 4-13-2021)