Marshall accepts over $700,000 in American Rescue Plan funds
MARSHALL — This summer, the city of Marshall received more than $700,000 in Coronavirus Local Fiscal Recovery grant funds — the first half of a larger grant.
The second half of the grant funds will be sent to the city next summer.
At Tuesday’s Marshall City Council meeting, council members approved a resolution formally accepting $713,577 in grant funds that the city received at the end of July. At their June 22 meeting, the council had passed a resolution for city staff to apply for Local Fiscal Recovery funds established under the American Rescue Plan Act.
The resolution accepting the grant funds was passed as part of the city council’s consent agenda on Tuesday, so there was no discussion of it. But a report in the council meeting agenda said Marshall received half of its total grant funds this summer, and the second half of the grant would be sent out in July 2022.
The city will have until the end of 2024 to allocate the money to eligible expenditures, and until the end of 2026 to spend it. The agenda report said city staff will analyze how the grant funds can be spent, and a committee may be formed to direct the expenditures.