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Code · BILL · 116th Congress · S. 4818 (Introduced in Senate) — To provide assistance to small businesses affected by COVID–19, and for other purposes. · Sec. 103

Sec. 103. Direct appropriations

236 words·~1 min read·/bill/116/s/4818/is/section-103

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There is appropriated, out of amounts in the Treasury not otherwise appropriated, for additional amounts— for the cost of carrying out section 407 of this Act, $8,000,000,000; for the cost of carrying out title V of this Act, $1,000,000,000; for the cost of carrying out section 603 and 607 of this Act and the cost of guaranteed loans as authorized by paragraphs
(1)through
(35)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), $1,000,000,000; for the cost of carrying out section 605 of this Act, $57,000,000; for the cost of carrying out section 618 of this Act, $15,000,000,000; for the cost of carrying out section 619 of this Act, $15,000,000,000; and for the cost of carrying out subtitle A of title VII of this Act, $25,000,000. There is appropriated, out of amounts in the Treasury not otherwise appropriated, for additional amounts under the heading Small Business Administration—Emergency EIDL Grants for the cost of emergency economic injury disaster loan grants authorized under section 1110 of the CARES Act ( 15 U.S.C. 9009 ), $50,000,000,000, to remain available until expended. Of amounts appropriated under paragraph (1), $40,000,000,000 shall be for carrying out subsection
(i)of section 1110 of the CARES Act ( 15 U.S.C. 9009 ), as added by section 405 of this Act, of which $20,000,000,000 shall be for providing funding to covered entities described in paragraph
(8)of such subsection (i).
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Sec. 103
Direct appropriations
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