One Minute Math with the PRAC
Coronavirus Relief Fund edition
What is the Coronavirus Relief Fund (CRF)?
The CRF was created in the CARES Act to give direct funding to states, localities, territories and Tribal governments.
State, local and Tribal governments use the money from the CRF to create programs that fit their local needs. They spend the funds on program like: healthcare costs, workforce development, small business relief, unemployment compensation and education,
What are the numbers?
944 prime recipients received $150 billion in CRF money. 861 received $150k or more, the amount needed to report to Treasury OIG under the CARES Act.
Recipients must report on a quarterly basis what they spent. So far, we've gotten data from 6 reporting periods
When we get a new report, we’ll let you know
Find them all at: PandemicOversight.gov.