ARTICLE
3 August 2022

Treasury Department Announces $500 Million For Tribal Nations Under LATCF

BH
Brownstein Hyatt Farber Schreck, LLP

Contributor

Brownstein Hyatt Farber Schreck, LLP
Last week, the U.S. Department of the Treasury announced the availability of $500 million in funding through the Local Assistance and Tribal Consistency Fund (LATCF) for eligible tribal governments.
United States Government, Public Sector
To print this article, all you need is to be registered or login on Mondaq.com.

Last week, the U.S. Department of the Treasury announced the availability of $500 million in funding through the Local Assistance and Tribal Consistency Fund (LATCF) for eligible tribal governments. The LATCF, which was established through the American Rescue Plan (ARP), provides $2 billion across fiscal years 2022 and 2023 for eligible revenue-sharing counties and tribal governments to use on any governmental purpose except lobbying activity. Congress set aside $500 million of the funding for eligible tribal governments. The ARP directs the secretary of the Treasury Department to reserve $250 million to allocate and pay to eligible tribal governments for fiscal years 2022 and 2023, considering the economic conditions of each eligible tribe.

According to the ARP, an eligible tribal government is the recognized governing body of any Indian or Alaska Native tribe, band, nation, pueblo, village, community, component band or component reservation, individually identified in the list published most recently as of the date of enactment of the ARP pursuant to section 104 of the Federally Recognized Indian Tribe List Act of 1994 (25 U.S.C. 1531).

The Treasury Department hosted three tribal consultations in February to collect input from tribal leaders for recommendations on allocation methodologies and how to best use the funds. Nearly 500 attendees from across country joined the consultations and provided input. A summary of the consultations can be found  here. The tribal allocation methodology can be found  here. Eligible tribal governments must request funding by Oct. 31, 2022, at 11:59 p.m. The first payment will be available immediately and will be made on a rolling basis. The Treasury Department anticipates that the second payment will be made after the start of fiscal year 2023.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More