State Finance Council Approves Up To $65 Million for Increased COVID-19 Testing, Small Business Grants
The State Finance Council (SFC) has unanimously approved investing up to $45 million more in COVID-19 testing across Kansas and to provide $20 million more for small businesses.
“Today’s actions will bolster our Unified Testing Strategy and allow us to provide up to one million COVID-19 tests by the end of the year,” Governor Laura Kelly said. “I want to thank the State Finance Council for supporting the health priorities of our state and increasing funds for small businesses, which are essential for our economic recovery.”
The $65 million approved is from the Coronavirus Relief Fund (CRF), which is part of the federal CARES Act. After receiving proposals from public and private labs across the state, the Kansas Department of Health and Environment determined it could invest up to $95 million to implement its unified testing strategy. Previously, SFC had authorized $50 million for COVID-19 testing, and with Thursday’s actions, the Office of Recovery will have the ability to invest up to $95 million in testing.
SFC approved an additional $20 million for small business grants. About $35 million has already been awarded in small business grants.
Additionally, SFC approved providing the Office of Recovery the authority to redistribute any unused funds among previously approved programs. The CRF requires funds to be used by the December 30, 2020 deadline.
The Office of Recovery oversees all the CRF programs and will shift dollars from program to program based on need, demand and the ability to implement by the deadline.
“With only 39 working days remaining before December 30, we need a dynamic approach, and I want to thank State Finance Council for providing us the flexibility to deliver timely investments to Kansans,” Executive Director Julie Lorenz said. “We know our state’s needs exceed the funds available, and we’re committed to leveraging these dollars to help as many Kansans as we can.”
Approximately $25 million of the CRF remains in reserve. SFC will meet again next month to approve the final investments.
(Information courtesy Office of the Governor.)