Sec. 303. Transfer of unused COVID–19 appropriations to the Highway Trust Fund
859 words·~4 min read·
/bill/117/s/2803/is/section-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Of the unobligated balances from amounts made available under the heading Small Business Administration—Disaster Loans Program Account in title II of division B of the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ), $13,500,000,000 are hereby transferred to the Highway Trust Fund. The amount transferred pursuant to paragraph
(1)that was previously designated by the Congress as an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 is designated by the Congress as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018, and to section 251(b) of the Balanced Budget and Emergency Deficit Control Act of 1985. Of the unobligated balances from amounts made available under the heading Small Business Administration—Targeted EIDL Advance in section 323(d)(1)(D) of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ), $17,578,000,000 are hereby transferred to the Highway Trust Fund. The unobligated balances from amounts made available in section 5002(b) of the American Rescue Plan Act of 2021 ( Public Law 117–2 ) are hereby transferred to the Highway Trust Fund. Of the unobligated balances from amounts made available in section 4027(a) of the Coronavirus Aid, Relief, and Economic Security Act ( 15 U.S.C. 9601 ), $1,366,100,000 are hereby transferred to the Highway Trust Fund. Of the unobligated balances from amounts made available under the heading Small Business Administration—Business Loans Program Account, CARES Act in section 1107(a)(1) of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ), as amended by section 101(a)(2) of division A of the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ), and in section 323(d)(1)(A) of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ) for carrying out paragraphs
(36)and
(37)of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), $4,684,000,000 are hereby transferred to the Highway Trust Fund. Of the unobligated balances from amounts made available under the heading Small Business Administration—Business Loans Program Account in section 323(d)(1)(F) of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ), $992,000,000 are hereby transferred to the Highway Trust Fund. Of the unobligated balances from amounts made available in section 4120 of the Coronavirus Aid, Relief, and Economic Security Act ( 15 U.S.C. 9080 ), $3,000,000,000 are hereby transferred to the Highway Trust Fund. Of the unobligated balances from amounts made available under the heading Education Stabilization Fund in title VIII of division B of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) and in title III of division M of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ) that were reserved for the Higher Education Emergency Relief Fund by sections 18004(a)(1) and 18004(a)(2) of division B of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) and sections 314(a)(1), 314(a)(2), and 314(a)(4) of division M of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ), $353,400,000 are hereby transferred to the Highway Trust Fund. The amount transferred pursuant to paragraph
(1)that was previously designated by the Congress as an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 is designated by the Congress as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018, and to section 251(b) of the Balanced Budget and Emergency Deficit Control Act of 1985. Of the unobligated balances from amounts made available under the heading Small Business Administration—Salaries and Expenses in section 1107(a)(2) of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ), in title II of division B of the Paycheck Protection Program and Health Care Enhancement Act ( Public Law 116–139 ), and in section 323(d)(1)(C) of division N of the Consolidated Appropriations Act, 2021 ( Public Law 116–260 ), $175,000,000 are hereby transferred to the Highway Trust Fund. The amount transferred pursuant to paragraph
(1)that was previously designated by the Congress as an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985 is designated by the Congress as an emergency requirement pursuant to section 4112(a) of H. Con. Res. 71 (115th Congress), the concurrent resolution on the budget for fiscal year 2018, and to section 251(b) of the Balanced Budget and Emergency Deficit Control Act of 1985. Of the unobligated balances from amounts made available in section 411 of subtitle A of title IV of division N of the Consolidated Appropriations Act, 2021 ( 15 U.S.C. 9101 ), $200,000,000 are hereby transferred to the Highway Trust Fund. Section 9503(f) of the Internal Revenue Code of 1986 is amended by redesignating paragraph
(11)as paragraph
(12)and by inserting after paragraph
(10)the following new paragraph: There is hereby transferred to the Highway Trust Fund the amounts described in subsections
(a)through
(h)of section 303 of the Transportation Empowerment Act. .
Connectionstraces to 7
Traces to 7 documents
public-private-law
1 reference not yet in our index
- 15 USC 9601
Citation graph
cites case law
Sec. 303
Transfer of unused COVID–19 appropriations to the Highway Trust Fund
Cite15 USC 9601
Cites 8Cited by 0 across 0 sources