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Commission approves transfer of ARPA LATCF funds into community endowment to support Washoe Behavioral Health Center operations
Summary
The board approved transferring Local Assistance and Tribal Consistency Fund (LATCF) ARPA dollars—about $9.4M plus interest and a minimum $10.5M principal/interest package—to the Community Foundation of Northern Nevada to create an endowment to underwrite operations and maintenance of the Washoe Behavioral Health Center; $500,000 is set aside for regional initiatives and a potential Renown crisis‑care center payment.
The Board of County Commissioners approved a plan to transfer Local Assistance and Tribal Consistency Fund (LATCF) dollars to the Community Foundation of Northern Nevada to create a Washoe Behavioral Health Endowment intended to cover ongoing operations and maintenance costs for the Washoe Behavioral Health Center.
County staff explained that the LATCF funds originated from American Rescue Plan Act allocations accepted by the county in October 2022. The county proposes moving roughly $9.4 million of principal plus about…
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