Treasury set December 31, 2024 as the deadline for recipients to obligate State and Local Fiscal Recovery Funds, and said it would monitor recipients' obligation methods and recoup funds used in violation of program rules.[1]
Treasury states that recipients had to obligate recovery funds by December 31, 2024, that it intends to monitor obligation methods, and that it will recoup funds used in violation of program rules; Project and Expenditure reporting continues in 2026.[1]
✓ Verified
In Treasury's published data for the quarter ending December 31, 2024 (the obligation deadline), the City's 26 projects show total cumulative obligations of $39,676,317, equal to its full allocation, and total cumulative expenditures of $37,723,809.72.[2]