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Program / CPF
Capital Projects Fund
A Treasury program that gave states, territories, and Tribes capital to fund projects, predominantly broadband, that enable work, education, and health. VerisGov maps the structure and keeps the moving parts current.
At a glance
- Program
- Coronavirus Capital Projects Fund (CPF).
- Administering agency
- U.S. Department of the Treasury.
- Statutory authority
- American Rescue Plan Act of 2021, which authorized $10 billion.
- Funding mechanism
- Federal funds distributed to recipient governments, which deploy projects directly or through subawards.
- Money flow
- Treasury to states, territories, freely associated states, and Tribal governments, then to projects or subrecipients carrying out eligible capital projects.
- Who has a stake
- State, territorial, and Tribal governments as recipients; internet service providers, local governments, schools, and community institutions as project partners and beneficiaries.
What it is
The Capital Projects Fund (CPF) is a U.S. Department of the Treasury program created by the American Rescue Plan Act of 2021. The statute authorized $10 billion, a one-time appropriation written into law, to help states, territories, freely associated states, and Tribal governments invest in capital assets that enable work, education, and health monitoring. In practice the great majority of CPF investment has gone to broadband.
CPF works through recipient governments rather than direct federal awards to providers. Treasury distributes funds to states, territories, and Tribal governments, which then design and deploy projects or run their own subaward processes. To qualify, a project must invest in capital assets that directly enable work, education, and health monitoring and must address a critical need that the COVID-19 public health emergency made apparent or worse.
The eligible-use framework spans three project types: broadband infrastructure, digital connectivity technology such as devices and public Wi-Fi, and multi-purpose community facilities. Recipients can also propose other uses that meet the statutory criteria. Because the appropriation is fixed and tied to the rescue-plan statute, CPF is a defined pool rather than an annually renewed program.
Key facts
- Program Coronavirus Capital Projects Fund (CPF).
- Administering agency U.S. Department of the Treasury.
- Statutory authority American Rescue Plan Act of 2021, which authorized $10 billion.
- Funding mechanism Federal funds distributed to recipient governments, which deploy projects directly or through subawards.
- Money flow Treasury to states, territories, freely associated states, and Tribal governments, then to projects or subrecipients carrying out eligible capital projects.
- Who has a stake State, territorial, and Tribal governments as recipients; internet service providers, local governments, schools, and community institutions as project partners and beneficiaries.
What it funds
- Broadband infrastructure designed to deliver reliable service where feasible
- Digital connectivity technology, including laptops, tablets, desktops, and public Wi-Fi equipment to overcome affordability barriers
- Multi-purpose community facilities that jointly enable work, education, and health monitoring
- Other capital projects a recipient proposes that meet the statutory work, education, and health-monitoring criteria
Always current
What VerisGov keeps current
The facts above hold for years. These move, and they are where most of the work is. The engine tracks each one against its government source, so what you see is the live state, not a snapshot that quietly went out of date.
- Each recipient government's plan-approval status and how much of its allocation remains to be obligated or spent
- Treasury deadlines for obligating and expending funds and any deadline adjustments
- Per-state and per-Tribe allocation amounts and the specific projects funded under them
- Updated Treasury guidance, reporting requirements, or eligible-use clarifications
How VerisGov covers it
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The verified corpus becomes a navigator, dashboard, report, dataset, or custom build, shaped to how your team works and refreshed as the program moves.
Pinned to records published by
- U.S. Department of the Treasury
- State, territorial, and Tribal recipient governments
Answers
Frequently asked questions
Is the $10 billion still available to apply for?
The $10 billion is the one-time amount Congress authorized in the American Rescue Plan Act. It was allocated to recipient governments rather than left open as a rolling application pool, so availability now depends on each recipient's remaining unobligated balance and its own subaward process.
Is CPF only for broadband?
No, though broadband dominates in practice. It funds three eligible project types: broadband infrastructure, digital connectivity technology like devices and public Wi-Fi, and multi-purpose community facilities, plus other qualifying capital projects.
Who receives CPF money from Treasury?
States, territories, freely associated states, and Tribal governments. They then carry out projects directly or pass funds to subrecipients such as providers and local entities. Treasury does not award CPF directly to companies.
How does VerisGov help with the Capital Projects Fund?
VerisGov maps the durable structure, the ARPA basis, the $10 billion authorization, Treasury's role, and the eligible uses, and keeps the volatile details current: plan-approval status, deadlines, per-recipient allocations, and guidance updates. Every fact is pinned to its source.
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