John Hopkins University has published a CARES Act analysis document, outlining a third
Coronavirus Aid, Relief, and Economic Security
(CARES) Act, which includes approximately $2 trillion and was signed on Friday, March 27, 2020.
The massive relief package includes checks to households, funding for distressed industries, small business loans and grants, and funding for K-12 and higher education (
In the document (the first 6 pages are the critical part) it looks like the timeline could take a while for funding to get to schools.
The CARES Act includes the following timeline for funding allocation:
- The Secretary of Education must issue a notice inviting applications within 30 days of enactment of the bill.
- The Secretary must approve or deny a state’s application within 30 days of receipt.
- The SEAs and Governors must award funds within one year.
- Funds are available at the Federal level for LEAs until September 30, 2021.
The State of Michigan has not received any of this funding yet, so unfortunately, there are no set allocations, allowable cost guidelines, etc.