Sec. 302. Treatment of paycheck protection program loan forgiveness of payroll costs under highway and public transportation project cost reimbursement contracts
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Notwithstanding section 31.201–5 of title 48, Code of Federal Regulations (or successor regulations), for the purposes of any cost-reimbursement contract awarded in accordance with section 112 of title 23, United States Code, or section 5325 of title 49, United States Code, or any subcontract under such a contract, no cost reduction or cash refund (including through a reduced indirect cost rate) shall be due to the Department of Transportation or to a State transportation department, transit agency, or other recipient of assistance under chapter 1 of title 23, United States Code, or chapter 53 of title 49, United States Code, on the basis of forgiveness of the payroll costs of a covered loan (as those terms are defined in section 7A(a) of the Small Business Act ( 15 U.S.C. 636m(a) )) issued under the paycheck protection program under section 7(a)(36) of that Act ( 15 U.S.C. 636(a)(36) ).
Nothing in this section shall be construed to amend or exempt the prohibitions and liability under section 3729 of title 31, United States Code, (relating to false claims). This section shall cease to have force or effect on June 30, 2025.
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Sec. 302
Treatment of paycheck protection program loan forgiveness of payroll costs under highway and public transportation project cost reimbursement contracts
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