Riverside County sets aside $150M for coronavirus relief out of $431M from CARES Act

RIVERSIDE (CNS) - Riverside County supervisors Tuesday established a $150 million coronavirus relief account in the current fiscal year using federal grant funds intended to assist health care facilities, businesses and county agencies impacted by the coronavirus emergency. In a 5-0 vote, the board accepted a $431 million Coronavirus Aid, Relief & Economic Security Act distribution from the U.S. Treasury Department. The vote formally set aside $150 million for obligations running to June 30, with an immediate $50 million designation to fund programs that aid businesses impacted by the governor's stay-at-home order and other state and county regulations that forced private sector entities to close to slow the spread of COVID-19. The grant is retroactive to March 1 and is intended to b
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