A Summary of State Programs to Use CARES Act Coronavirus Relief Funds (CRF)
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)