COVID-19

IFC meets Monday to approve $636 million in federal pandemic money

View of brown folders, with focus on grants label, Concept of funding, 3D illustration

View of brown folders, with focus on grants label, Concept of funding, 3D illustration

 The legislative Interim Finance Committee meets Monday to approve spending just over $636 million in federal CARES Act and other pandemic related grants.
The majority of the cash is $477.3 million in Coronavirus Response and Relief funding for the Elementary and Secondary School Emergency Relief funds. Those funds go to school districts and charter schools to help address the impact of the pandemic.
Accompanying that is a $31.38 million grant through the same program that will provide emergency assistance to non-public schools in Nevada.
But the second largest grant on the agenda is a $124.85 million transfer from the consolidated Appropriations Act passed by Congress this year to support the Emergency Rental Assistance Program. That money will support Nevadans who have a demonstrated financial need for residential rental support because of the impact of the pandemic.
Finally, there is a $2.5 million transfer of Qualified Equity Investment funds from 2020 reserves into the 2021 budget to be used for refunds to applicants in those programs.
The meeting begins at 9:30 or upon adjournment of the joint meeting of the money committees. It will be held remotely through the legislative website.

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