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.