Biden-Harris Administration Announces Move to Reduce Financial Burden on U.S. Territories
Source: doi.gov
Grant-Matching Requirement to be waived for American Samoa, the Commonwealth of Northern Mariana Islands, Guam and U.S. Virgin Islands
Date: Wednesday, February 8, 2023 Contact: Interior_Press@ios.doi.gov
WASHINGTON — Today, the Biden-Harris administration announced new efforts to reduce the financial burden on the U.S. territories of American Samoa, the Commonwealth of the Northern Mariana Islands, Guam and U.S. Virgin Islands. The Office of Management and Budget (OMB) has directed all federal agencies and departments to waive local cost share requirements under $200,000 for grants for the four U.S. territories. For local matching funds $200,000 and greater, agencies and departments may waive the matching requirement for these four territories.
President Biden’s Bipartisan Infrastructure Law and Inflation Reduction Act are providing once-in-a-generation climate and infrastructure resources to the U.S. territories, including investments in ecosystem restoration and climate resilience. Today’s announcement will help ensure U.S. territories have the investments they need to develop a long-term plan to facilitate conservation, resiliency and economic growth.
At the Interagency Group on Insular Areas (IGIA) annual conference for territorial governors, members of Congress and other federal government officials today, Secretary of the Interior Deb Haaland announced that the Interior Department will extend the waiver of all match requirements, regardless of amount.
“Accelerated by President Biden’s Bipartisan Infrastructure Law and Inflation Reduction Act, the Interior Department is making coordinated investments in the U.S. territories to conserve public lands and ecosystems, bolster climate resilience, and safeguard the environment for future generations,” said Secretary Haaland. “In implementing this new policy, territorial governments will have greater flexibility to access these funds, further equipping them to upgrade critical infrastructure and invest in climate resilience.”.......................................................
Read more: https://doi.gov/pressreleases/biden-harris-administration-announces-move-reduce-financial-burden-us-territories
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