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Code · STATUTE-COMPILATIONS · Coronavirus Aid, Relief, and Economic Security Act · Sec. 4027

Sec. 4027. DIRECT APPROPRIATION

197 words·~1 min read·/statute-compilations/comps-15754/sec-4027

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## SEC. 4027 DIRECT APPROPRIATION **[**[15 U.S.C. 9061](/us/usc/t15/s9061)**]** ###
(a)In General Notwithstanding any other provision of law, there is appropriated, out of amounts in the Treasury not otherwise appropriated, to the fund established under section 5302(a)(1) of title 31, United States Code, $500,000,000,000 to carry out this subtitle. ###
(b)Technical and Conforming Amendment Section 5302(a) of title 31, United States Code, is amended— ####
(1)by striking “and” before “section 3”; and ####
(2)by inserting “and the Coronavirus Economic Stabilization Act of 2020,” before “and for investing”. ###
(c)Clarification ####
(1)In general On or after January 1, 2021, any remaining funds made available under section 4003(b) may be used only for— #####
(A)modifications, restructurings, or other amendments of loans, loan guarantees, or other investments in accordance with section 4029(b)(1); and #####
(B)exercising any options, warrants, or other investments made prior to January 1, 2021; and #####
(C)paying costs and administrative expenses as provided in section 4003(f). ####
(2)Deficit reduction On January 1, 2026, any funds described in paragraph
(1)that are remaining shall be transferred to the general fund of the Treasury to be used for deficit reduction.
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Sec. 4027
DIRECT APPROPRIATION
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