Federal Advocacy

GFOA & Partners Send Letter to U.S. Treasury on Use of ARPA Funds Investment Proceeds

On May 18, GFOA, and a coalition of associations representing public finance stakeholders, sent a letter to the Office of Recovery Program’s inaugural chief, Jacob Leibenluft. The letter addresses recent guidance issued by the Treasury Department regarding investment proceeds earned from Coronavirus State and Local Fiscal Recovery Fund (CSLFR) monies placed in interest-bearing accounts and the need for further clarification over eligible uses of those proceeds.


  • Publication date: May 2021
View Letter