Treasury Updates Coronavirus Relief Fund FAQs

Coronavirus

Treasury Updates Coronavirus Relief Fund FAQs

On October 19, the Department of Treasury updated the FAQs for the Coronavirus Relief Fund (CRF). New additions to the document (A. 57-59) cover the eligibility of public universities using funds for incurred expenses associated with providing refunds to students for education-related expenses; use of funds for real property acquisition and improvements; and the eligibility of a small business receiving a grant from a unit of government if they have already received a PPP or EIDL grant or loan for COVID-19. Additionally, the differences between subrecipients and a beneficiary under the fund were clarified (B. 13). Questions previously answered covering use of funds to satisfy non-federal matching requirements under the Stafford Act (A. 42), eligibility of states to use funds to satisfy non-federal matching requirements under the Stafford Act (A. 49), and if fund recipients could incur expenses associated with the safe reopening of schools (A. 53) were revised.