Georgia Recoverable Grant Agreement
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FAQ
Recoverable grant capital can serve the same purpose for a nonprofit organization. For example ? if a nonprofit is working to test a new, unproven solution to address climate change, they need access to patient risk capital to help them innovate and try new ways to address the problem.
Non-entitlement units will receive Coronavirus State and Local Fiscal Recovery Funds through their state governments. The total available funding for the state of Georgia is $862 million, and the expeditious delivery of these funds are essential.
The $350 billion Coronavirus State and Local Fiscal Recovery Fund (SLFRF) from the American Rescue Plan Act provides direct payments to state, local, territory, and Tribal governments for local pandemic response efforts.
The Final Rule clarifies that recipients may use funds for capital expenditures that support an eligible COVID-19 public health or economic response. Recipients must complete written justification for capital expenditures at or over $1 million to explain why the proposal capital expenditure is superior to alternatives.
To apply: Register in Grants.gov ? Download the corresponding Certificate and Agreement and Program Profile and complete offline and submit through grants.gov. Complete the Application for Federal Assistance (SF-424).
Eligible uses of these funds include: Premium pay for essential workers, Investments in water, sewer, and broadband infrastructure.
