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13 - Authorizing necessary documents to pursue the Coronavirus Relief Fund created by the CARES Act
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13 - Authorizing necessary documents to pursue the Coronavirus Relief Fund created by the CARES Act
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expenditures. Fund payments are not subject to the Cash Management Improvement Act of 1990, as <br />amended. <br />May governments retain assets purchased with payments from the Fund? <br />Yes, if the purchase of the asset was consistent with the limitations on the eligible use of funds provided <br />by section 601(d) of the Social Security Act. <br />What rules apply to the proceeds of disposition or sale of assets acquired using payments from the <br />Fund? <br />If such assets are disposed of prior to December 30, 2020, the proceeds would be subject to the <br />restrictions on the eligible use of payments from the Fund provided by section 601(d) of the Social <br />Security Act. <br />7 <br />
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