Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City counsel says Treasury guidance allows ARPA reallocations but warns of audit risk
Summary
Outside counsel told the council Treasury guidance permits certain reallocations of ARPA funds obligated by 12/31/2024 if the new use is eligible and funds are spent by 12/31/2026, but cautioned that inadequate documentation could force repayment; councilmembers and community leaders pushed for transparency about repurposing ARPA-funded programs.
The council received legal guidance that under current U.S. Treasury rules it can reallocate ARPA funds that were obligated by Dec. 31, 2024 to other eligible expenses if those expenditures are completed by Dec. 31, 2026. Chris Johnson of Jones Walker told the council the rules now permit some reallocations and cited other jurisdictions that have done so.
Johnson said the city has received $388 million in ARPA funds and that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
