March 27, 2020

Federal Stimulus Law: Resources for State and Local Governments in Funding COVID-19 Response Costs

H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act’’) was signed into law on March 27, 2020. The CARES Act provides emergency assistance for individuals, families and businesses affected by the novel coronavirus pandemic (“COVID-19”).

The CARES Act also includes provisions that provide financial assistance to State and local governments. In addition, the CARES Act provides targeted relief for housing, transit, airports, hospitals and medical centers, and education, among others. The following provides an initial overview of these provisions.

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