Treasury Moves to Reclaim Unused ARPA Funds, Launches Compliance Actions
The US Department of the Treasury has issued a formal alert to Coronavirus State and Local Fiscal Recovery Funds (SLFRF) recipients, signaling a more aggressive posture on compliance reviews and recoupment efforts tied to the December 31, 2024, obligation deadline. Counties that received SLFRF allocations under the American Rescue Plan Act (ARPA) are now subject to heightened scrutiny. Treasury has clarified that it will recoup any funds not properly obligated by the deadline and recover funds…