1. Short title This Act may be cited as the Coronavirus State and Local Financial Assistance Act . 2. State and Local Government Coronavirus Relief Program (a) In general The Secretary of the Treasury shall establish a State and Local Government Coronavirus Relief Program under which the Secretary shall make monthly grants to States to make up for lost revenue due to COVID–19 and social distancing steps taken by the State and political subdivisions of the State. (b) Estimate of lost revenue (1) Administrator In order to be eligible to receive a grant under this section, a State shall appoint an administrator who shall— (A) compile estimates for the revenue lost by the State and each political subdivision of the State because of COVID–19 and social distancing steps taken by the State and political subdivisions of the State; and (B) submit an estimate to the Secretary not later than the 20th of each month, which shall include— (i) a break down of how much of the losses were incurred by the State itself and how much was incurred by each political subdivision of the State; (ii) information for any prior months; and (iii) any corrections or updates from prior months. (2) Requirements In carrying out paragraph (1), the administrator— (A) shall compile such estimate based off of reductions in realized revenue as compared to the latest official revenue estimates as of February 15, 2020; (B) may only include losses occurring from March 1, 2020, through December 31, 2020; (C) may, with respect to sales, fuel, and other excise tax estimates, submit estimates to the Secretary either monthly or quarterly, depending on when such taxes are collected