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State House, Senate leaders seek flexibility in using $1.2 billion in federal coronavirus funds

From Delaware Business Now

Delaware State House and Senate leaders from both parties are asking the state’s Congressional Delegation for help in getting more flexibility in using more than $1 billion in federal  coronavirus aid.

The authors of the letter noted that money from the  Coronavirus Aid, Relief and Economic Security (CARES) Act provides $150 billion directly to states, territories, tribes and localities to combat the public health and economic effects of the COVID-19 pandemic.

Delaware is expected to receive approximately $1.25 billion under the omnibus measure. The funds will be transferred to states during the next two weeks.

“The CARES Act provides vital funding, but it restricts the money to unbudgeted expenses related to COVID-19. It cannot be used to address states’ revenue losses. This is far too restrictive for states like Delaware to effectively apply the federal funds. Being able to use these dollars to shore up Delaware’s operating budget is critical to maintaining services and recovering from this unprecedented crisis,” the letter stated.

Read more:

https://delawarebusinessnow.com/2020/04/state-house-senate-leaders-seek-flexibility-in-using-1-2-billion-in-federal-coronavirus-funds/