IFC meets Monday to approve $636 million in federal pandemic cash

View of brown folders with focus on grant label, funding concept, 3D illustration

From Sunday, February 7th, 2021

The Legislative Interim Finance Committee meets Monday to approve spending a little more than $ 636 million on CARES federal law and other pandemic-related grants.
Most of the money is $ 477.3 million for Coronavirus Response and Relief funding for elementary and secondary emergency funds. These funds will go to school districts and charter schools to help combat the effects of the pandemic.
This comes with a $ 31.38 million grant from the same program that provides emergency relief to non-public schools in Nevada.
However, the second largest grant on the agenda is a transfer of $ 124.85 million from the Consolidated Funds Act passed by Congress this year to support the Emergency Rental Assistance Program. This money will be used to support Nevadans who have a proven financial need for home rental support due to the effects of the pandemic.
Finally, qualifying equity funds from the 2020 reserves of $ 2.5 million will be transferred into the 2021 budget to be used for reimbursements to applicants in these programs.
The meeting starts at 9:30 a.m. or after the joint meeting of the monetary committees is adjourned. It is controlled remotely through the legislature’s website.