Coronavirus Capital Projects Fund

 

Section 604 of the Social Security Act, as added by section 9901 of the American Rescue Plan Act of 2021 (the Act), Pub. L. No. 117-2 (Mar. 11, 2021), established the $10 billion Coronavirus Capital Projects Fund (CPF). The Secretary of the Treasury (the Secretary) will make payments directly to States (defined to include each of the 50 states, the District of Columbia, and Puerto Rico), U.S. Territories and freely associated states (United States Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau), and Tribal governments to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the public health emergency with respect to the Coronavirus Disease (COVID-19).

Active 21.029 Departmental Offices, Department of The Treasury A - Formula Grants Fiscal Year 2023 CPF recipients began investing grant funding in capital infrastructure. Many states are using their funding to connect thousands of homes and businesses to affordable, high-speed internet, a key priority of the Capital Projects Fund program. Other states are using their funds to construct or renovate multi-purpose community facilities to provide increased access to resources and programming for community members. Tribal governments continue to use their funding to purchase digital connectivity devices, build multi-purpose community facilities, or construct broadband infrastructure. American Rescue Plan Act of 2021, Section 604 as added by Section 9901, Public Law 117-2 States (defined to include the District of Columbia and Puerto Rico), U.S. Territories and freely associated states (United States Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau), and Tribal governments, as defined by Section 602(g) of the Social Security Act. Households, businesses, nonprofit institutions/organizations, and other key public institutions in the eligible entities' jurisdictions that may utilize the capital assets financed under the CPF. Not Applicable. No new awards will be made in FY 2024. Eligible Tribal governments may receive additional funding through the reallocation of funds that were initially allocated to but not timely applied for by Tribal governments. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Not applicable. No new awards will be made in FY 2024. Not applicable. No new awards will be made in FY 2024. Application period is closed. No longer accepting new applications. Not applicable. Not applicable. Not applicable. Not applicable. No new awards will be made in FY 2024. For all recipients, funds may be used for projects that: 1. directly enable work, education, and health monitoring; 2. address a need that results from or was exacerbated by the COVID-19 public health emergency; and 3. address a critical need of unserved or underserved populations. The following are examples of uses that are likely eligible: • Investments in broadband infrastructure in eligible areas that meet certain speed requirements. • Investments in digital connectivity technologies, such as devices, public computer facilities, and public wi-fi infrastructure that facilitate Internet access. • Other capital projects that meet program requirements. Not applicable. Not applicable. Financial records, supporting documents, and all other records pertinent to the award must be retained by the recipients in accordance with 2 CFR ? 200.334. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Projects must expend funds by December 31, 2026. Method of awarding/releasing assistance Funding will be released in accordance with Grant Agreements signed by the Department of the Treasury and award recipients. None/Not specified. United States Department of the Treasury Attn: Capital Projects Fund
1500 Pennsylvania Avenue NW
Washington, DC 20220 USA
CapitalProjectsFund@treasury.gov
Phone: 844-529-9527 https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/capital-projects-funds 20-1896-0-1-806 (Formula Grants) FY 22$9,815,577,872.00; FY 23 est $72,879,155.00; FY 24 est $11,542,973.00; FY 21$0.00; FY 20$0.00; - Payments to States, District of Columbia, and Puerto Rico(Formula Grants) FY 22$57,142,857.00; FY 23 est $42,857,143.00; FY 24 est $0.00; FY 21$0.00; FY 20$0.00; - Payments to the United States Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau Applications from eligible Tribal entities were due in October 2022. Initial Tribal awards are $167,504 per Tribal government. Additional re-allocated amounts will be available to eligible Tribal governments that meet re-allocation criteria during FY 2023 and FY 2024. For program information, please see https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/capital-projects-fund. Fiscal Year 2023 Among other things, CPF has funded multi-purpose community centers and broadband-related infrastructure projects designed to deliver reliable internet service that meets or exceeds 100/100 Mbps symmetrical speeds. CPF has awarded Tribal governments funding to develop multi-purpose community centers, purchase digital connectivity devices and equipment, and build broadband infrastructure. Please visit CPF at https://home.treasury.gov/policy-issues/coronavirus/assistance-for-state-local-and-tribal-governments/capital-projects-fund for further details concerning CPF funded projects.