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A Special Review of the Department of Commerce, Community, and Economic Development (DCCED), Alaska Coronavirus Aid, Relief, and Economic Security (CARES) Act Small Business Relief Program

Report Details

Submitting OIG: 
Alaska Division of Legislative Audit
Report Description: 
The audit concluded that the Small Business Relief Program disbursed approximately $282 million of CARES Act funds through the issuance of 5,754 grants; however, the distribution rate of grant funds fell far short of expectations. The State expected to distribute $150 million per month, yet only $18 million was distributed by the end of the program’s second month. Additionally, Results of testing found a high rate of unallowable grant awards. Auditors tested 155 grants and identified at least one error for 39 percent of the grants tested
Date Issued: 
Monday, May 9, 2022
Agency Reviewed / Investigated: 
State of Alaska
Submitting OIG-Specific Report Number: 
08-30103-22
Location: 
N/A, AK
United States
Type of Report: 
Audit
Professional Standard: 
Other
Questioned Costs: 
$0
Funds for Better Use: 
$0
Report File Link: 
https://s3.documentcloud.org/documents/22276242/30103-cares-act.pdf

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