Dear USET/USET SPF Family,
On July 26th, Treasury launched the Local Assistance and Tribal Consistency Fund (LATCF) for eligible Tribal governments. The American Rescue Plan (ARP) appropriated $2 billion to Treasury across fiscal years 2022 and 2023 to provide payments to eligible Tribal governments (and eligible revenue sharing counties) for use on any governmental purpose except for a lobbying activity.
Specifically, the ARP reserves $250 million to allocate and pay to eligible Tribal governments for each of fiscal years 2022 and 2023. Treasury has published a summary of the methodology used to determine allocations for Tribal governments on its website. Other materials, including the Tribal consultation summary, can be viewed on the LATCF homepage at treasury.gov/LATCF.
Eligible Tribal governments may review their specific allocation under the program and request payment of their allocation through the Treasury Submission Portal. Recipients will be required to complete payment information, sign program terms and conditions, and submit a certification regarding the Tribal Nation’s economic conditions. The portal will open on Friday, July 29, 2022, at 3:00 p.m. ET. Please visit treasury.gov/LATCF for a link to the Treasury Submission Portal starting at that time. Please note, Treasury will address the applicability of Buy American domestic procurement requirements to these funds at this session .
Eligible Tribal governments must request funding by October 31, 2022 at 11:59 PM AKDT. If an eligible Tribal government does not complete its submission by that deadline, the Tribal government will not be eligible for either the first or second payment under the LATCF. The first payment will be available immediately and will be made to Tribal Nations on a rolling basis. Treasury expects to make the second payment in fiscal year 2023.
Under this program, recipients have broad discretion on uses of funds, similar to the ways in which they may use funds generated from their own revenue sources. Recipients should review the LATCF guidance to learn more about eligibility requirements, eligible uses, and other important information related to the fund.
Treasury will be hosting an information session on July 29, 2022, at 2:00pm ET for Tribal governments on the LATCF. You may register here for the information session.
For questions regarding the LATCF, please email LATCF@treasury.gov
For more information, please contact Liz Malerba, USET SPF Director of Policy and Legislative Affairs, at email@example.com.