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State fiscal staff tell Interim Finance Committee Nevada has obligated all ARPA SFRF funds; spending and reallocation guidance remains in flux
Summary
Legislative and governor's fiscal staff presented an ARPA (Coronavirus State Fiscal Recovery Fund) status update showing 100% obligated, a remaining expenditure deadline of Dec. 31, 2026, and discussion about how savings and reallocation are treated under federal Treasury guidance.
Legislative and governor's fiscal staff updated the Interim Finance Committee on the status of Nevada's American Rescue Plan Act Coronavirus State Fiscal Recovery Funds (SFRF). The officials reported the state has obligated 100% of the SFRF award by the December 31, 2024 deadline and described the remaining timeline and guidance for spending and potential reallocation.
Key points from staff: Bridal Leiser of the Legislative Council Bureau walked the committee through the SFRF table and noted the state had obligated all funds by the required deadline; unobligated balances were reported as zero. He explained that remaining funds that are obligated must be expended by Dec. 31, 2026.
"As you all are aware where these funds had to be obligated by December 31, 2024. The state did obligate 100% of the funding by the deadline, and remaining funding which, has been obligated must be expended by December 31, 2026," Leiser said.
Curtis Palmer of the governor's finance office reported on reimbursements: the office has reimbursed agencies more than $1.004 billion (reimbursement figure reported in committee) and agencies self‑report spending of about $1.584 billion, with a lag between agency reports and processed reimbursements. Palmer and Leiser also discussed federal Treasury guidance allowing for—under certain conditions—the reallocation of unobligated or recovered balances to previously obligated eligible projects; staff said further clarification may be required for some repurposing scenarios.
Committee members asked about the risk that federal guidance might change. Leiser said Treasury FAQs allow for some reallocation to previously approved activities and noted the state is continuing to track obligations and spending; agencies will have additional opportunities to answer questions during the legislative session and committee hearings.
What the committee will see next: Staff said members will receive additional detail before budget hearings and a separate COVID‑19 budget account hearing is scheduled for late February; agencies that received ARPA subgrants will present projects during typical budget subcommittee hearings in the 83rd legislature.
