The Board of Directors (“Board”) of The Kuskokwim Corporation (“TKC”) met on August 12, 2021 and passed Resolution No. 21- 35. This resolution authorized the immediate implementation of the TKC COVID-19 EMERGENCY RELIEF PROGRAM using funds in the amount of $821,474.24, made available through the United States Treasury Department. All Shareholder applications for relief (as described below), must be received by TKC no later than 5:00 p.m. on November 1, 2021.
Federal guidance developed to implement the CARES Act requires TKC to make COVID-19 emergency relief funds available only to individuals based on need resulting from the COVID-19 emergency, as well as to establish guidelines to determine who may be eligible to receive these funds and for what purpose. The U.S. Supreme Court recently decided that CARES Act funding is available to Alaska Native Corporations.
TKC’s CARES Act funds will provide the opportunity for eligible TKC Shareholders over the age of 18, or their legal guardians, as of the date of the COVID-19 impact and loss, to obtain direct relief assistance for certified eligible expenditures made in response to the COVID-19 pandemic. Payments may vary based on a Shareholder’s certified needs, subject to adjustment and/or capping according to the volume of eligible Shareholder applications received by the deadline of November 1, 2021.
This is not a first-come, first-served program. Any eligible TKC Shareholder over the age of 18, or that individual’s legal guardian may apply for and receive a payment.
TKC Shareholders over the age of 18 enrolled as of November 1, 2021, or their guardians on their behalf, are eligible to apply for TKC COVID-19 EMERGENCY RELIEF. To receive funds, individuals must complete an application, and certify that the need for assistance is the result of the COVID-19 pandemic, in the categories set forth on the application, and submit a signed application to TKC no later than 5:00 p.m. on November 1, 2021. A TKC Shareholder may not receive TKC payments for emergency COVID-19 relief reimbursement for claimed expenditures for which they or any member of their household has already been previously reimbursed by an Indian Tribal organization or by any other federal, state, tribal, or local government entity.
All individual TKC Shareholder disbursements are based on need of the Shareholder directly related to the COVID-19 pandemic. Shareholders must indicate on the application the reasons they need COVID-19 emergency relief. Payments will be made based on need, and subject to adjustment based on the number of eligible applications received.
USE OF ASSISTANCE
Payments must be used by the Shareholder for expenses related to the COVID-19 pandemic or to reimburse the Shareholder for such expenses incurred since March 1, 2020. In the event a TKC Shareholder uses the relief payment for ineligible expenses, TKC may request the Shareholder repay the amount spent on ineligible expenses. TKC Shareholders who received CARES Act funding from TKC must keep all receipts for all items purchased or paid for with the TKC COVID-19 EMERGENCY RELIEF PROGRAM payment for a period of 5 years after the conclusion of the 2021 calendar year.
TKC Shareholders interested in applying for TKC COVID-19 EMERGENCY RELIEF must complete an application and certify the information provided on the application. Once a Shareholder’s application for emergency relief has been received, TKC will review the application, determine whether the Shareholder is eligible to receive a payment and, if eligible, make the payment to the Shareholder prior to December 31, 2021. Shareholders who apply for assistance but are determined to be ineligible to receive assistance will be notified by TKC that their application has been denied.