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Posted on: June 13, 2022

Second Tranche of ARP SLRF Expected

According to statute, the second tranche payment for local governments in areas defined as Metropolitan Cities by U.S. Treasury will be made available no earlier than 12 months after the first tranche. The second tranche payment for localities will occur on or around, but not before, the first tranche payment date was delivered in June 2021.
  
 As a reminder Metropolitan Cities are generally defined as having a population greater than 50,000 residents. The recipient must successfully complete their submission in the Treasury Submission Portal and the submission will undergo payee verification review. The submission and payee verification review process generally take approximately four business days.
 
During that time, the designated point of contact will receive an email if there is an issue regarding the submission that needs correction or clarification. If the information and documentation submitted is determined to be complete and accurate, the designated point of contact will receive confirmation, including the projected timing for payment. Recipients can monitor the status of their submission at any time by logging into the Treasury Submission Portal.
  
 Recipients who received their first tranche payment in spring 2021 and have successfully submitted and passed payee verification checks can expect to have their second tranche payment scheduled next week. Funds are generally deposited within 1 to 2 business days of the date payment is scheduled.
   
Second tranche funds for Non-entitlement Units of local government (NEUs) will be made available 12 months after the 1st tranche was delivered, which should be June. 
  
Contact: Paul Penna, Senior Legislative Analyst, ppenna@njlm.org, 609-695-3481, x110.

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