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Department of the Treasury - Capital Projects Fund

Federal Agency/Bureau
Department of the Treasury
Program Name
Capital Projects Fund
Authorizing Legislation

American Rescue Plan Act of 2012

Program Overview

The Coronavirus Capital Projects Fund (Capital Projects Fund, CPF) will address many challenges laid bare by the pandemic, especially in rural America, Tribal communities, and low- and moderate-income communities, helping to ensure that all communities have access to the high-quality modern infrastructure, including broadband, needed to access critical services. The American Rescue Plan provides $10 billion for payments to eligible governments to carry out critical capital projects that directly enable work, education, and health monitoring, including remote options, in response to the public health emergency. The COVID-19 public health emergency revealed and continues to reinforce our understanding that communities without access to high-quality modern infrastructure, including broadband, face impediments to fully participating in aspects of daily life, such as remote work, telehealth, and distance learning. Treasury is launching the Capital Projects Fund to allow recipients to invest in capital assets that meet communities’ critical needs in the short- and long-term, with a key emphasis on making funding available for broadband infrastructure. The Capital Projects Fund aims to: Directly support recovery from the COVID-19 public health emergency by strengthening and improving the infrastructure necessary for participation in work, education, and health monitoring that will last beyond the pandemic. Enable investments in capital assets designed to address inequities in access to critical services. Contribute to the Administration’s goal of providing every American with the modern infrastructure necessary to access critical services, including a high-quality and affordable broadband internet connection. A key priority of this program is to make funding available for reliable, affordable broadband infrastructure and other digital connectivity technology projects. Recipients may also use funds for certain other capital projects, such as multi-purpose community facilities, that enable work, education, and healthcare monitoring, including remote options. The program encourages recipients to focus on economically distressed areas, support community empowerment, and adopt strong labor practices.


Not Applicable

Type of Funding


Link to application site, NOFO, FOA, or (if different from program website above)

Not Applicable

Notice of Funding Opportunity (NOFO) or Federal Opportunity Announcement (FOA) Type


Important Dates (if applicable)

For states, territories & freely associated states the application portal launched on September 24, 2021 and the deadline to request funding was December 27, 2021. The deadline to sumbit a grant plan was September 24, 2022. For Tribal governments the application portal opened on October 1, 2021 and the deadline to request funding was June 1, 2022.

FY2023 Appropriations Amount

Total Amount: $10 billion

Amount Available Towards Broadband (if specified): $10 billion

Matching Requirement


Complementary Federal Funding Option

CPF funds can be used as a match as described in the Infrastructure Investment and Jobs Act.

Broadband-related Program Purpose/Eligible Expenditures
Speed/Technical Requirement for Broadband Infrastructure

Broadband infrastructure funded by CPF must be designed to deliver, upon project completion, service that reliably meets or exceeds symmetrical download and upload speeds of 100 Mbps.

Criteria for Eligible Recipients

Not Applicable

Grant Beneficiaries (if different from eligible recipients)

Not Applicable

Programmatic Resources
Reporting Requirements

Reporting Guidance and User Guides for state, territories, and freely associated states is also available on the CPF website ( Tribal Reporting Guidance will be released in the near future.

Contact Information

Internal government contact: Charles Eberle (

For general questions about the Capital Projects Fund, please email; for questions related to Tribal Governments please email Treasury Tribal Affairs at

Additional Information

Nothing beyond the resources listed above that are available on the CPF website


March 2023

Funding Guide