The rules outlined long-anticipated guidance on the State and Local Coronavirus Fiscal Recovery Fund (Recovery Fund), part of the American Rescue Plan Act. Among the more than 150 pages of guidance, is a section noting that governments can use their recovery funds for direct assistance to households and populations facing negative economic impacts due to COVID-19 — including cash assistance. Treasury says cash assistance checks could be similar to the amounts previously provided by the federal government over the last year. Those amounts ranged between $600 and $1,400 per individual, depending on when they were issued. The guidelines also suggest other areas for cash checks though.

Source: Forbes May 10, 2021 22:40 UTC