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May 31, 2020Des Moines, Iowa |  By: AP

Reynolds outlines plans for $1.25 billion in federal aid

DES MOINES, Iowa (AP) - Iowa Gov. Kim Reynolds says she is allocating $700 million of the state's federal coronavirus emergency relief money to programs that will help farmers, businesses, homeowners, renters and local governments.

Reynolds said Friday that Iowa has received $1.25 billion in federal funding and she will hold $550 million to cover unforeseen coronavirus pandemic expenses and to support the state's unemployment trust fund.

Of the $700 million she will allocate, Reynolds says $215 million would be spent on a small business relief program. Additional funds will help renters and homeowners who haven't made house payments from being evicted or foreclosed upon. Another $100 million will help farmers.