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The US Treasury has waived the Cash Management Rule for ARPA SLFRF monies. This means that recipients can place funds in interest-bearing accounts, do not need to remit interest earned to Treasury, and are not required to use that interest for eligible uses under ARPA.
Therefore, the recipient/Parish may transfer the interest from the ARPA fund account to its General Fund account and use it for any purpose. The requirements of the Local Government Budget Act (LGBA) still apply (i.e., the funds must be appropriated through the budget process before they can be spent).
Louisiana Legislative Auditor website: 05/17/2025 12:02:41 AM
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