ORDINANCE NO. __________, SERIES 2022
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AN ORDINANCE AMENDING ORDINANCE NO. 083, SERIES 2022, RELATING TO THE FISCAL YEAR 2022-2023 OPERATING BUDGET FOR LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT TO PROVIDE THE OFFICE OF MANAGEMENT AND BUDGET WITH ADMINISTRATIVE AUTHORITY TO ADDRESS VARIANCES IN BUDGETS FOR ALL COUNCIL-APPROVED AMERICAN RESCUE PLAN ("ARP") PROJECTS, THROUGH LIMITED REALLOCATIONS AND REAPPROPRIATIONS OF ARP FUNDING, AND TO ADDRESS REPORTING REQUIRED FOR ALL ARP FUNDED PROJECTS. (AS AMENDED)
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SPONSORED BY: COUNCIL MEMBER BILL HOLLANDER
WHEREAS, Louisville Metro Government is in receipt of $388,295,722 in federal funding through State and Local Fiscal Recovery Funds commonly referred to as American Rescue Plan ("ARP");
WHEREAS, use of ARP funds requires approval from the Louisville Metro Council, pursuant to Resolution 052, Series 2021; and
WHEREAS, Metro Council has authorized ARP funding for specific projects through various legislative actions, which are managed by various Louisville Metro Government departments to address continued impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses, and anticipates authorizing additional ARP funded projects going forward.
NOW THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT ("THE COUNCIL") AS FOLLOWS:
SECTION I: Part II., B. Specific Provisions - Federal Grants, State Grants, Surpluses, and Other Agency Receipts, of Ordinance No. 083, Series 2022, is hereby amended as follows:
3. The Council approves reserving $295,772.00 of the $388,295,772.00 in ARP funding received by Louisville Metro Government for an ARP Grant Project titled ARP Reconciliation Account to be administered by the Office of Management and Budget. The ARP Reconciliation Account shall be used to address cost overruns, both for previously approved ARP Grant Projects and those that may be authorized after t...
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