April 9, 2020

Municipal Liquidity Facility: A Potential New Short-Term Financing Resource for State and Local Governments Facing COVID-19 Impacts

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. An overview of CARES Act resources available to state and local government is here.

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