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The Deadline for Spending Certain CARES Act Dollars Is Looming

With the deadline approaching for universities to spend their portion of the Coronavirus Relief Fund (CRF), some universities may still be grappling with how best to allocate those dollars. It’s a complicated question, one with answers that vary state by state.
More commonly referred to as the CARES Act, the Coronavirus Aid, Relief and Economic Security Act is a $2 trillion economic stimulus bill passed in March 2020, shortly after university campuses around the nation closed down in response to the COVID-19 pandemic. While generally treated like a single entity, the CARES Act is actually…