Federal guidance prevents use of CARES Act relief funds for state revenue shortfalls

read more…: Federal guidance prevents use of CARES Act relief funds for state revenue shortfalls

The State of New Hampshire may not use $1.25 billion in recently received federal funds through the Coronavirus Aid, Relief, and Economic Security (CARES) Act to offset revenue losses created by the economic impacts of the pandemic, according to guidance issued by the U.S. Department of the Treasury.

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