Last week, the Division of Local Government Services (DLGS) issued Local Finance Notice 2022-07 regarding the American Rescue Plan Act (ARP) Final Rule & Submitting U.S. Treasury Reports to DLGS and Local Finance Notice 2022-08 which outlines instructions for submitting U.S. Treasury Reports to Department of Community Affairs. As a reminder, on April 1, the Final Rule is effective for all provisions including eligible uses of ARP funds awarded to counties and municipalities under the State and Local Fiscal Recovery Funds (SLFRF).
Local Finance Notice 2022-07 summarize and synthesize U.S. Treasury’s Final Rule and highlights key changes from the Interim Final Rule. Since the Division can only provide advisory guidance concerning permitted uses of SLFRF funds municipalities seeking an interpretation of the Final Rule should email the U.S. Treasury at SLFRP@treasury.gov. The League described the changes in our recent blog post.
Last October, Governor Murphy issued Executive Order 267, which requires all municipalities and counties receiving LFRF funds to provide DLGS with a copy of all ARP reports filed with U.S. Treasury. Local Finance Notice 2022-08 details the process to comply with Executive Order 267. All Project and Expenditure Reports filed with U.S. Treasury, along with any Interim Reports and Recovery Plan and Performance Reports required from certain municipalities and counties, must be emailed as a pdf to DLGS at LFRF.Reporting@dca.nj.gov. The subject line should include the municipality’s name and municode.
Please review both Local Finance notices to ensure compliance with the federal and state requirements. We also encourage you to review this information with your Municipal Manager and Chief Financial Officer. Please see the League’s resource page for more information.
Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org or 609-695-3481, x110.