Fact Sheet: Grant Agreements Announcement I 1

Fact Sheet I January 25, 2022

Treasury Makes $10 Billion Available for States, Territories, 

Freely Associated States, and Tribal Governments through 

American Rescue Plan’s Coronavirus Capital Projects Fund

States, Territories, and Freely Associated States now have access to $9.9 billion in funding (with all having 

met the December 2021 application deadline), and Tribal Governments have access to $100 million, from 

the U.S. Department of the Treasury’s Capital Projects Fund (CPF) for capital projects that directly enable 

work, education, and health monitoring in response to the COVID-19 pandemic. Created by the American 

Rescue Plan, the CPF promotes equity by prioritizing investments in unserved and underserved 

communities by addressing the infrastructure challenges laid bare by the Coronavirus pandemic, 

especially in rural America, Tribal communities, and low- and moderate-income communities. 

The CPF will support high-quality affordable broadband services that will provide disadvantaged 

communities with access to job, educational, and health resources. Ensuring equitable access to 

affordable broadband for unserved and underserved populations provides them with the tools, 

including expanding broadband access and affordability, that are necessary to receive critical resources 

and participate in today’s economy. The CPF can also be used to support digital connectivity technology 

projects, including the purchase or installation of laptops, tablets, desktop personal computers, and 

public Wi-Fi equipment, to facilitate broadband internet access for communities where affordability is a 

barrier to broadband adoption and use, as well as multi-purpose community facility projects designed 

to jointly and directly enable work, education, and health monitoring.

Highlights from the CPF program:

• First Wave of Funding Available Now: States, territories, and freely associated states are now

able to access approximately $495 million in administrative funds that can be used to prepare

for investments in capital assets that meet communities’ critical needs in the short- and long

term, with a key emphasis on making funding available for a once-in-a-generation investment

in broadband infrastructure. Treasury allows up to 5 percent of an eligible recipient’s allocation

to be used to develop eligible programs and projects, including working with communities to

identify high-priority projects and with subrecipients on program design, along with meeting

federal compliance and audit requirements. Intentional preparation and robust community

engagement efforts, which recipients are required to describe in their grant plans, can also

enhance projects’ impact on equity and contribute to an equitable recovery from the pandemic.
Fact Sheet: Grant Agreements Announcement I 2

• Grant and Program Plans Now Being Submitted to Treasury: States, territories, and freely

associated states can now submit Grant and Program Plans to Treasury, detailing how the 

capital funds will increase community resilience and access to connectivity infrastructure, 

including broadband. Funds will enable investments in capital assets designed to address 

inequities in access to critical services such as modern infrastructure, including a high-quality 

and affordable broadband internet connection and equipment needed to close the digital divide, 

especially in communities disproportionately impacted by the pandemic.

• Treasury Ready to Review and Approve Grant and Program Plans: Treasury is ready to 

receive and review Grant and Program Plans as well as approve programmatic dollars to spend 

on CPF eligible uses, such as broadband infrastructure.

• Treasury Continues to Review and Approve Tribal Government Applications for Funding:

The American Rescue Plan allocated $100 million of the CPF for use by Tribal Governments in the

form of $167,504 allocations to each Tribe. Applications are being submitted now and continue

to be reviewed and approved on a rolling basis. Treasury urges Tribes to submit their application

before the June 1, 2022 application deadline for submission of Tribal applications.