Sec. 4. Funding for the Restaurant Revitalization Fund and the Hard Hit Industries Award Program
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Any unobligated covered funds are hereby transferred to the Administrator of the Small Business Administration for purposes of carrying out section 5003 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009c ) and the Hard Hit Industries Award Program established under section 3 of this Act. In this section, the term covered funds — means any and all funds recovered, seized, reclaimed, or otherwise returned to the Federal Government received pursuant to— paragraph
(36)or
(37)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ); section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b) ), with respect to a loan made under such section in response to COVID–19 during the covered period (as defined in section 1110(a) of the CARES Act ( 15 U.S.C. 9009(a) )); section 1110(e) of the CARES Act ( 15 U.S.C. 9009(e) ); section 331 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( 15 U.S.C. 9009b ); section 324 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act ( 15 U.S.C. 9009a ); section 5003 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009c ); section 3 of this Act; includes any funds that as of December 31, 2022, are unexpended under section 5003 of the American Rescue Plan Act of 2021 ( 15 U.S.C. 9009c ); and does not include funds paid by person to the Federal Government for the purposes of tax obligations, servicing of loans, or standard payment of fees.
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Sec. 4
Funding for the Restaurant Revitalization Fund and the Hard Hit Industries Award Program
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