Bill Summaries: S822 CARES ACT FUNDS FOR WINSTON-SALEM.

Tracking:
  • Summary date: May 19 2020 - More information

    Identical to H 1144, filed 5/14/2020.

    Directs the State Controller to transfer $30 million from the Local Government Coronavirus Relief Reserve to the Coronavirus Relief Fund. Appropriates $30 million from the Coronavirus Relief Fund to the Office of State Budget and Management (OSBM) in nonrecurring funds for the 2020-21 year to be allocated to the City of Winston-Salem (City) to be used for expenditures consistent with the most recently published US Treasury Department guidance for the federal Coronavirus Relief Fund created under the CARES Act. Makes the City liable to the State for any misuse or mishandling of the funds and makes the funds subject to clawback and other appropriate measures. Makes City officers, officials, and employees who violate this act subject to a civil action by the State and holds them personally liable to reimburse the State. Requires the City to report quarterly beginning October 1, 2020, to OSBM on the use of allocated funds until all funds are expended and accounted for.

    Makes the guidance, reporting, and audit requirements contained in specified provisions of SL 2020-4 (the 2020 COVID-19 Recovery Act) applicable to this act.

    Effective July 1, 2020.


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