US Treasury Capital Projects Funds

About

Fund Owner: U.S. Department of Treasury

Program Website 

The American Rescue Plan provides $10 billion for payments to States, territories, and Tribal governments to carry out critical capital projects (CPF) that directly enable work, education, and health monitoring, including remote options, in response to the public health emergency. On May 10 the  U.S. Department of the Treasury issued a statement indicating that CPFs are to be used for investment in high-quality broadband as well as other connectivity infrastructure, devices, and equipment, providing flexibility for each state, territory, and Tribal government to make other investments in critical community hubs or other capital assets that provide access jointly to work, education, and health monitoring. All projects must demonstrate that they meet the critical connectivity needs highlighted and amplified by the COVID-19 pandemic.


Recent News 

September 1, 2021: U.S. Treasury released allocations for the $10 billion CPF. These funds will be made available to States, territories, freely associated states, and Tribal governments following the release of final rules. We anticipate the U.S. Treasury will issue final rules for the CPF in the coming weeks.

May 10, 2021: The U.S. Department of the Treasury issued a statement indicating that CPFs are to be used for investment in high-quality broadband as well as other connectivity infrastructure, devices, and equipment, providing flexibility for each state, territory, and Tribal government to make other investments in critical community hubs or other capital assets that provide access jointly to work, education, and health monitoring.

 


Important Dates

Treasury guidance is expected to be issued in July and applications will be accepted for review in the summer of 2021. 

 


Eligible Recipients

  • States
  • Territories
  • Tribal governments

 


Additional Resources

Subscribe to receive CPF updates from the U.S. Treasury

If you have input on the information on the Capital Projects Fund website, email CapitalProjectsFund@treasury.gov.

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