The $350 billion in funding in the bill is broken down as follows:
States: Providing $195.3 billion for the states.
Localities: Providing $130.2 billion for local governments.
Tribal Governments: Providing $20 billion to federally recognized tribal governments.
$10 Billion Capital Project Fund: “to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the public health emergency.”
An additional $1.5 billion is provided for eligible revenue share counties (notably public land counties that receive Payment‐in‐Lieu‐of‐ Taxes (PILT) and Secure Rural School (SRS) payments), with $750 million allotted each year for federal Fiscal Years 2022 and 2023
Treasury will be responsible for determining the funding formula, taking into account the economic conditions of each eligible revenue sharing county, using measurements of poverty rates, household income, land values, and unemployment rates as well as other economic indicators, over the 20‐year period ending with Sept. 30, 2021
Eligible counties may use these funds for any governmental purpose other than a lobbying activity
Counties shall be required to provide periodic reports with a detailed accounting of the use of funds
Failure to submit required reports or misuse of funds will result in the recoup of funds by the federal government