May 10, 2021 –
On May 10, 2021, the United States Department of Treasury (Treasury) released a Dear Tribal Leader Letter (DTLL) available here. This DTLL announced the formula and the process for distribution of the $20 billion tribal set aside within the American Rescue Plan Act (ARP), Fiscal Recovery Fund (FRF). The ARP allocates $20 billion to Tribal governments, directing that (i) $1 billion is to be allocated equally among eligible Tribal governments; and (ii) $19 billion is to be allocated to Tribal governments in a manner determined by the Secretary of the Treasury. In response to the ARP’s passage, Treasury initiated consultations on implementation of this fund. A summary of those consultations is available here.
Treasury will host two events this week. First, Treasury will host a tribal leader briefing today on May 10, 2021 at 3:30 pm - 4:00 pm EDT to provide further information regarding today’s DTLL. The access information is as follows:
· Zoom Link: https://ustreasury.zoomgov.com/j/1614690386#success
· Dial in at 669-254-5252, meeting ID: 1614690386#