Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Treasury Dept.'s Plan to Distribute $20 Billion to Tribes of American Rescue Plan Funds Met with Gratitude

 

The exterior of the U.S. Department of the Treasury.

WASHINGTON - After five tribal consultation sessions with tribes held this spring, the Treasury Department on Monday released its plan to distribute $20 billion to tribal nations from the Coronavirus State and Local Fiscal Recovery Funds program authorized by the American Rescue Plan Act.

The Act was allocated by Congress and signed into law by President Biden. The tribal distribution plan was sent in a letter to tribal leaders, who were given an opportunity to participate in a video call on Monday afternoon.

According to the letter, the Treasury Department requires all tribal governments to submit a request for funding through an online portal no later than May 24, in order to receive its share of $1 billion that will be allocated equally among the tribes. After a tribe's submission is received, it will take approximately four to five days for the Treasury Department to review and process.

https://nativenewsonline.net/currents/treasury-dept-s-plan-to-distribute-20-billion-to-tribes-of-american-rescue-plan-funds-met-with-gratitude

 

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