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Applications open for CARES Act funds

Submitted to Branson Globe

BRANSON, MO. – Taney County is accepting applications for “CARES Act” funds for Phase I of COVID-19 expense reimbursements. Phase I is for local governament entities and non-profits exclusively, and can only include non-budgeted COVID-related expenses incurred March 1 to June 30. Deadline to submit applications is July 24, 2020.

On March 27 Congress passed, and President Trump signed into law, the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act appropriated $150 billion to the relief fund. The funds are to be used to make payments for specified uses based on the requirements of the CARES Act requirements and United States Department of Treasury guidance. Generally, the CARES Act provides that payments may only be used to cover costs that: (1) are necessary expenditures incurred due to the public health emergency with respect to COVID-19; (2) were not accounted for in the budget most recently approved as of March 27, 2020 for the government; and (3) were incurred during the period that begins on March 1 and ends on December 30, 2020.

Expenditures must be used for actions taken to respond to the public health emergency. Funds may not be used to fill shortfalls in government revenue to cover expenditures that would not otherwise qualify under the CARES Act. Expenditures using CARES Act fund payments must be reasonably necessary. For further information, please refer to the guidance issued by Treasury on April 22, 2020, and May 4, 2020.

On April 28, 2020, Taney County received information and guidance from the office of the Missouri State Treasurer regarding the distribution of CARES Act funds from the State of Missouri to Taney County. After approving and returning a certification for payment to the State of Missouri, on May 6, Taney County received $6,561,471.

Here is the link to the application: https://www.bransonchamber.com/covid19resourcepage/

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