The Recovery Trust Account is a new tool for states and local governments that help struggling communities recover from disasters. The program was created by Congress to help distressed communities recover from economic hardship.
However, it can be a daunting task for states to use the new resources. Here are a few tips for counties to get started: Make sure you have all the information you need to make the most of the new program. This article is intended to provide you with information regarding how to make the most of the recovery trust account, so that you can easily do so.
A county’s recovery funds can be used to meet administrative costs. For instance, it can use the money to distribute Recovery Funds or to manage new grant programs. A local government can even match the amount of the federal grant that it receives. The county is not required to match the amount of federal funds received in the recovery trust account.
By applying, counties are able to receive 100 percent federal funding for disaster-related activities, up to $2 billion. The program is also expanding the eligible activities, including the cost of opening and operating child care facilities, health care facilities, and transit systems.
Manages County Operations
In addition to providing relief, the Recovery Funds can be used to support county operations. The recovery funds can cover the cost of distributing Recovery Funds and managing new grant programs. Counties can even use the funds for administrative costs.
It is important to note, however, that the Recovery Funds cannot be used to match FEMA programs. A county may only use its own funds to meet these requirements. The recovery funds should not be matched to a different program, like a FEMA disaster relief grant.
Funds for Recovery Administration
The Recovery Funds can be used to address administrative costs that are incurred by a county, such as the distribution of Recovery Funds or managing new grant programs. As long as the county can show that the funding is needed to respond to an emergency, it can use the recovery funds to address administrative costs.
These eligible expenses include hiring staff, managing county offices, and administering a local or regional economic hardship. This is the only way for counties to apply for this type of funding.
As an interim rule, the Recovery Funds allow counties to use the funds for administrative purposes. They are not limited to disaster relief programs and can be used for the administration of other federal programs.
It is possible for a county to use the Recovery Funds for many different purposes. A county can also use the money for administrative costs related to a new grant program, for example. It can be used for any purpose as long as it is appropriate.
As a result of the Recovery Trust Account, counties can use the funds for various purposes. In addition to tackling emergency situations, they can address administrative costs that are incurred by the state.
Those expenses can include distributing recovery funds to residents and managing new grant programs. Further, the funds can be used for other needs that are related to public health. The county can spend the funds for the following reasons: for instance, it can cover the administrative costs related to a pandemic.