CARES Act Funding Maryland Department of Commerce

(c)(3)(B)(i), is Pub. 116–139, Apr. 24, 2020, 134 Stat. 620, which amended sections 636, 9006, and 9009 of this title. For complete classification of this Act to the Code, see Short Title of 2020 Amendment note set out under section 9001 of this title and Tables. Of the funds made available under this section, not small business cares act more than $50,000,000 may be used by the Secretary for administrative expenses to carry out this section. (3) The demographic, geographic, economic, and other characteristics of an area and affected communities when determining whether consolidated operations at a single airport effectively serve the needs of the point.

• The Special Inspector General may enter into contracts and other arrangements for audits, studies, analyses, and other services with public agencies and with private persons, and make such payments as may be necessary to carry out the duties of the Inspector General.
• Upon the exhaustion of the funds appropriated under this subsection, subsection (a) shall no longer apply with respect to any registration period beginning after the date of exhaustion of funds.
• The Targeted EIDL Advances will be provided by assignment, specifically for businesses who were unable to get their desired funds from the initial round of EIDL cash grants.
• Funds in the employment security administration account (as established by section 1101(a) of title 42) of the Unemployment Trust Fund (as established by section 1104(a) of title 42) shall be used to make payments to States pursuant to subsection (f)(2)(B).
• However, it does not cover existing disaster loans or new PPP loan payments.
• These original provisions were amended on December 27, 2020, through the Economic Aid to Hard-Hit Small Businesses, Non-Profits and Venues Act (Economic Aid Act).

( Deadline for immediate payroll assistance

The Oversight Commission may procure temporary and intermittent services under section 3109(b) of title 5. The Oversight Commission may appoint and fix the pay of any personnel as the Oversight Commission considers appropriate. The Oversight Commission shall meet at the call of the Chairperson or a majority of its members. The reports required under this paragraph shall be submitted not later than 30 days after the first exercise by the Secretary and the Board of Governors of the Federal Reserve System of the authority under this part and every 30 days thereafter. There is hereby established the Congressional Oversight Commission (hereafter in this section referred to as the “Oversight Commission”) as an establishment in the legislative branch.

§9048. Temporary Government in the Sunshine Act relief

With guidance from the Secretary, the Administrator shall administer the program established under this section, including the making and purchasing of guarantees on loans under the program, until the date on which the national emergency declared by the President under the National Emergencies Act (50 U.S.C. 1601 et seq.) with respect to the Coronavirus Disease 2019 (COVID–19) expires. The Administrator shall reimburse any recipient of assistance under section 649(l) of this title for financial losses relating to a foreign trade mission or a trade show exhibition that was cancelled solely due to a public health emergency declared due to COVID–19 if the reimbursement does not exceed a recipient’s grant funding. As part of the Federal CARES Act, Orange County Government received $243.2 million in Coronavirus Relief Funds. These funds are being distributed back into the community, and used for local government expenses related to the response to COVID-19. Orange County Government created four funding categories and one replenishment category to ensure that the funds met the immediate and personal need of residents, business owners, nonprofits, municipal and community partners. Yes; if you apply for an EIDL and the advance, you can still apply for a PPP loan.

• Notwithstanding any other provision of law, the Secretary of the Treasury shall transfer from the general fund of the Treasury (from funds not otherwise appropriated) to the employment security administration account such sums as the Secretary of Labor estimates to be necessary to make payments described in subparagraph (A).
• (2) has not received such a loan during the period beginning on February 15, 2020 and ending on December 31, 2020.
• Eligible businesses must be based, licensed, and located in Alaska.
• “(2) Notice and comment.— The notice and comment requirements under section 553 of title 5, United States Code, shall not apply with respect to the rules issued under paragraph (1).”
• Not later than 14 days after the date of enactment of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, the Administrator shall make publicly available information regarding the modifications to the assistance provided under this section under the amendments made by such Act.
• Not later than 7 days after the date on which the Secretary submits a report under subparagraph (A) to the committees of Congress described in such subparagraph, the Secretary shall publish such report on the website of the Department of the Treasury.

( Conforming loan limit

Any loan made by or guaranteed by the Department of the Treasury under this section shall be treated as indebtedness for purposes of the Internal Revenue Code of 1986, shall be treated as issued for its stated principal amount, and stated interest on such loans shall be treated as qualified stated interest. The Secretary may waive the requirement under clause (ii) with respect to any program or facility upon a determination that such waiver is necessary to protect the interests of the Federal Government. If the Secretary exercises a waiver under this clause, the Secretary shall make himself available to testify before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives regarding the reasons for the waiver. The term “air carrier” has the meaning such term has under section of title 49.

Ex. Ord. No. 13945. Fighting the Spread of COVID–19 by Providing Assistance to Renters and Homeowners

The term “agricultural enterprise” has the meaning given the term in section 647(b) of this title. (B) with respect to other records, for the 3-year period following receipt of the grant. The term “national securities exchange” means an exchange registered as a national securities exchange under section 78f of this title. The terms “exchange”, “issuer”, and “security” have the meanings Bookkeeping for Consultants given those terms in section 78c(a) of this title.

SBA Extends Crucial Lifeline to Borrowers Impacted by COVID-19 with Debt Relief

The program is authorized to run through June 30, 2020. Lenders will start processing applications on April 3. Additionally, stay up to date with our regulatory updates, and be sure to check with official sources in your location for the latest local information. To get more guidance and tools for your business during this time, check our resource hub. This is what small businesses should know about the CARES Act.

( Grant amount

• (2) the terms “Community Bank Leverage Ratio” and “qualifying community bank” have the meanings given the terms in section 201(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (12 U.S.C. 5371 note).
• Funds provided to an eligible grantee under a payment made under this section shall remain available through September 30, 2025.
• (a), is title V of Pub.
• Section 1102(a) of this Act, referred to in subsec.
• Any amount remaining after distribution under subparagraph (B) shall be distributed to the sponsor of each primary airport (as such term is defined in section of title 49) based on each such primary airport’s passenger enplanements compared to the total passenger enplanements of all such primary airports in calendar year 2019.
• The Secretary shall apportion, to each eligible contractor, an amount equal to the total amount such contractor received pursuant to section 9093(a) of this title.

Any financial assistance provided under this section to an airport that fails to comply with the workforce retention requirement described in subparagraph (A), and does not otherwise qualify for a waiver or exception under this paragraph, shall be subject to clawback by the Secretary. (II) a certification that the amount of assistance sought under this subsection, when combined with any other Federal assistance described in clause (i), does not exceed the total amount of revenue earned by the provider of transportation services during calendar year 2019. A contract or agreement referred to in clause (i) is a contract or agreement for transportation services that is supported by a public entity using funds received under the Emergency Appropriations for Coronavirus Health Response and Agency Operations (division B of Public Law 116–136; 134 Stat. 505). The Secretary of Transportation is authorized to require, to the extent reasonable and practicable, an air carrier provided financial assistance under this part to maintain scheduled air transportation, as the Secretary of Transportation determines necessary, to ensure contribution margin services to any point served by that air carrier before March 1, 2020.