A Network of the National Association of State Treasurers

COVID-19 Resources

COVID-19 Resources

The COVID-19 pandemic continues to pose both unprecedented public health and financial challenges for state governments. As state finance officials, debt managers and staff play a pivotal role in navigating states through this crisis. SDMN remains committed to creating and curating resources for state debt professionals through these challenging times. Additional resources for non-debt financial issues can be found at NAST.org/COVID. 

Policy Update—

Coronavirus State and Local Fiscal Recovery Fund (CSLFRF)

Policy Update—

Coronavirus State and Local Fiscal Recovery Fund (CSLFRF)

Legislative Tracker—

American Rescue Plan (COVID-19 Response VI)

American Rescue Plan (COVID-19 Response VI)

March 19, 2021
Both the House and Senate have approved the $1.9 trillion COVID-19 response package. We will continue to analyze the contents...

Policy Update—

Treasury’s CDFI Fund Opens Funding Round for Rapid Response Program

Treasury’s CDFI Fund Opens Funding Round for Rapid Response Program

February 25, 2021
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) opened the fiscal year (FY) 2021 funding...
Small Coffee Shop

Policy Update—

Changes to PPP Loan Priorities to Enhance Equity
Homes on a residential street.

Policy Update—

Emergency Rental Assistance Program Updated FAQs

Policy Update—

FEMA Statement on 100% Cost Share
The Federal Emergency Management Agency (FEMA) issued a statement today indicating that “all work eligible under FEMA’s existing COVID-19 policies, including increasing medical capacity, non-congregate...
Sen Collins and GOP COVID Group

Policy Update—

Senators Release $600B COVID-19 Proposal

Policy Update—

DOT Notice on $10B in Coronavirus Aid for State Highways
The U.S. Department of Transportation released the following notice relating to the apportionment of highway infrastructure funds pursuant to the Coronavirus Response and Relief Supplemental...

Policy Update—

Treasury Releases FAQs for Emergency Rental Assistance Program
This morning, the U.S. Treasury Department released anticipated FAQs for the Emergency Rental Assistance Program (ERAP), which was established under the Consolidated Appropriations Act of...

Latest Federal Reserve Updates

Federal Reserve Bank building in Washington, D.C.

Advocacy Letter—

PFN Letter Opposing Language to Limit Fed’s 13(3) Authorities
U.S. Capitol Building in Washington, D.C.

Policy Update—

Congress Nears Spending Deal: Federal Reserve Language Presents Obstacle
Federal Reserve Bank building in Washington, D.C.

Advocacy Letter—

Coalition Response to MLF Termination

Other Resources

Federal Aid to States

COVID Relief Funding (CRF)
$150 B in Federal Aid for COVID-Related Expenses

Treasury has released guidance and an FAQ document on the treatment, management and eligible expenses of Section 5001 (CRF) funding. In addition, the Office of the Inspector General has released FAQs relating to the Reporting and Recordkeeping of CRF payments. For additional questions, please visit the U.S. Treasury’s page on Assistance for State and Local Governments ($150B in COVID Relief Funding).

Complete list of CRF payments made to state and local governments.

Other U.S. Treasury Resources

COVID Response Landing Page

CARES Act Landing Page

Federal Reserve

COVID Response

Municipal Liquidity Facility (MLF)

Partner Resources

Partner Resource—

From: National Council of State Housing Agencies

NCSHA Summary of Emergency Rental Assistance
This summary provides the details of the emergency rental assistance (ERA) program authorized under the Consolidated Appropriations Act of 2021.

Partner Resource—

From: National Association of State Budget Officers (NASBO)

Fiscal Survey of the States
With data gathered from all 50 state budget offices, this semi-annual report provides a narrative analysis of the fiscal condition of the states and data...

Partner Resource—

From: Pandemic Response Accountability Committee (PRAC)

Where’s the Money Going?
Use interactive data visualizations and maps to find out where CARES Act pandemic response program dollars are being spent, who’s spending it, and what they’re...

COVID-19 Webinars

Webinar—

Navigating the Current Recession
Experts and colleagues will discuss how states are using reserves and other budget adjustments to navigate through the current recession. A rating agency representative will...

Webinar—

Evolving Risks What Does it Mean for Your Bond Rating
From climate and pensions, to cybersecurity threats and now the largest global pandemic faced in generations. Rating agencies and investors are continuing to expand the...

Webinar—

Understanding and Keeping Up with the Markets through COVID-19
Throughout the spring, municipal market spreads underwent historic swings and primary issues ground to a halt for several weeks. The volatility was sparked by stay-at-home...