A Summary of State Programs to Use CARES Act Coronavirus Relief Funds (CRF)
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In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted into law in response to the COVID-19 pandemic. At $2 trillion, it is one of the largest relief packages in U.S. history. Included in the act is an estimated $560 billion for individuals, $500 billion for large corporations, $377 billion for small businesses, $340 billion in support for State and Local Governments, and $154 billion for Public Health. Specifically, Title V of the CARES Act established the Coronavirus Relief Fund (CRF), which provides financial relief to states, tribes, and local governments for the increased costs associated with the COVID-19 public health emergency. Per Title V, Nevada received over $1.25 billion allocated in the following manner: $836 million to the State of Nevada; $295 million to Clark County, and $119 million to the City of Las Vegas. Recently, Governor Sisolak announced the distribution of $148 million to northern Nevada and rural counties, leaving a total of $688 million that must be disbursed and expended by December 31, 2020. This brief summarizes some of the programs other states have launched using CRF funds. (July 2020)