Summary of the Coronavirus Aid, Relief and Economic Security Act (CARES Act) – Section 18003 – the Elementary and Secondary School Emergency Relief Fund
The CARES Act (H.R. 748) was signed into law on Friday, March 27, 2020, providing economic relief to U.S. citizens and public systems affected by the recent COVID-19 (coronavirus) pandemic. The total funding level for the Act is greater than $30B, with a stated purpose to prevent, prepare and respond to the coronavirus, domestically or internationally. The funds will be available through September 30, 2021. While the Education Stabilization Fund as a whole includes four sections, the summary below reflects Section 18003, the Elementary and Secondary School Emergency Relief fund, with an estimated funding level of $13B.