Bill > S1204

This bill adds to existing law to provide that ARPA (American Rescue Plan Act) moneys are cognizable, meaning they are officially recognized and accounted for, and it creates governing principles and funds for the expenditure of these federal funds. The bill establishes the American Rescue Plan Fund and the American Rescue Plan Cost Recovery Fund in the state treasury to manage the receipt, disbursement, and reimbursement of ARPA moneys. The bill also sets out legislative intent and principles to guide the appropriation and expenditure of ARPA discretionary funds, such as making long-term investments, avoiding ongoing obligations, maintaining a balanced budget, and prioritizing the use of direct ARPA funds by local governments before requesting assistance from the state.

Budget and Finance, Justice

Finance Committee (Senate)

https://legislature.idaho.gov/sessioninfo/2021/legislation/S1204/