Sec. 277. EMERGENCY FINANCIAL AID GRANTS
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## SEC. 277 EMERGENCY FINANCIAL AID GRANTS **[**[20 U.S.C. 1001 note](/us/usc/t20/s1001)**]** ###
(a)In General In the case of a student receiving a qualified emergency financial aid grant— ####
(1)such grant shall not be included in the gross income of such individual for purposes of the Internal Revenue Code of 1986, and ####
(2)such grant shall not be treated as described in subparagraph (A), (B), or
(C)of section 25A(g)(2) of such Code. ###
(b)Definitions For purposes of this subsection, the term “qualified emergency financial aid grant” means— ####
(1)any emergency financial aid grant awarded by an institution of higher education under section 3504 of the CARES Act, ####
(2)any emergency financial aid grant from an institution of higher education made with funds made available under section 18004 of the CARES Act, and ####
(3)any other emergency financial aid grant made to a student from a Federal agency, a State, an Indian tribe, an institution of higher education, or a scholarship-granting organization (including a tribal organization, as defined in section 4 of the Indian Self-Determination and Education Assistance Act (25 U.S.C.5304)) for the purpose of providing financial relief to students enrolled at institutions of higher education in response to a qualifying emergency (as defined in section 3502(a)(4) of the CARES Act). ###
(c)Limitation This section shall not apply to that portion of any amount received which represents payment for teaching, research, or other services required as a condition for receiving the qualified emergency financial aid grant. ###
(d)Effective Date This section shall apply to qualified emergency financial aid grants made after March 26, 2020.
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