Sen. Rounds Introduces Legislation to Provide State Flexibility in Using CARES Act Funds
May 13, 2020
May 13, 2020
WASHINGTON, May 13 -- Sen. Mike Rounds, R-South Dakota, issued the following news release:
U.S. Sen. Mike Rounds (R-S.D.) has introduced legislation to improve flexibility for state, local and tribal governments in using existing COVID-19 relief funds. The legislation permits up to 25 percent of funds already allocated to local governments through the Coronavirus Aid, Relief and Economic Security (CARES) Act to cover lost tax revenue. State, local and tribal tax revenues fund vital . . .
U.S. Sen. Mike Rounds (R-S.D.) has introduced legislation to improve flexibility for state, local and tribal governments in using existing COVID-19 relief funds. The legislation permits up to 25 percent of funds already allocated to local governments through the Coronavirus Aid, Relief and Economic Security (CARES) Act to cover lost tax revenue. State, local and tribal tax revenues fund vital . . .