§9006 — Title 15 Commerce and Trade | U.S. Code

Summary

Sets aside money from the U.S. Treasury for the fiscal year ending September 30, 2020, and says how those funds must be used. The amounts include $670,335,000,000 for SBA loan guarantees under the CARES Act loan program; $675,000,000 for SBA salaries and expenses; $25,000,000 for the SBA Office of Inspector General (available until September 30, 2024); $265,000,000 for entrepreneurial development programs (split $240,000,000 for section 9002(b) and $25,000,000 for section 9002(c)); $10,000,000 for Minority Business Development Agency centers; $10,000,000,000 for Emergency EIDL Grants (section 9009); $17,000,000,000 for the Business Loans Account (section 9011); and $25,000,000 for the Treasury to carry out section 9008. All the money is available until September 30, 2021, except the Office of Inspector General funds, which are available until September 30, 2024. From March 27, 2020, through September 30, 2021, guarantees of trust certificates for loans under section 636(a) cannot total more than $100,000,000,000 in principal. The Administrator must send a detailed spending plan to the House and Senate Appropriations Committees within 180 days after March 27, 2020.

Title 15, §9006

Commerce and Trade — Source: USLM XML via OLRC

(a)There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020, to remain available until September 30, 2021, for additional amounts—

(1)$670,335,000,000 under the heading “Small Business Administration—Business Loans Program Account, CARES Act” for the cost of guaranteed loans as authorized under paragraph (36) of section 636(a) of this title, as added by section 1102(a) of this Act;

(2)$675,000,000 under the heading “Small Business Administration—Salaries and Expenses” for salaries and expenses of the Administration;

(3)$25,000,000 under the heading “Small Business Administration—Office of Inspector General”, to remain available until September 30, 2024, for necessary expenses of the Office of Inspector General of the Administration in carrying out the provisions of the Inspector General Act of 1978 (5 U.S.C. App.); 11 See References in Text note below.

(4)$265,000,000 under the heading “Small Business Administration—Entrepreneurial Development Programs”, of which—

(A)$240,000,000 shall be for carrying out section 9002(b) of this title; and

(B)$25,000,000 shall be for carrying out section 9002(c) of this title;

(5)$10,000,000 under the heading “Department of Commerce—Minority Business Development Agency” for minority business centers of the Minority Business Development Agency to provide technical assistance to small business concerns;

(6)$10,000,000,000 under the heading “Small Business Administration—Emergency EIDL Grants” shall be for carrying out section 9009 of this title;

(7)$17,000,000,000 under the heading “Small Business Administration—Business Loans Program Account, CARES Act” shall be for carrying out section 9011 of this title; and

(8)$25,000,000 under the heading “Department of the Treasury—Departmental Offices—Salaries and Expenses” shall be for carrying out section 9008 of this title.

(b)During the period beginning on March 27, 2020, and ending on September 30, 2021, guarantees of trust certificates authorized by section 634(g) of this title with respect to loans under any paragraph of section 636(a) of this title shall not exceed a principal amount of $100,000,000,000.

(c)Not later than 180 days after March 27, 2020, the Administrator shall submit to the Committee on Appropriations of the Senate and the Committee on Appropriations of the House of Representatives a detailed expenditure plan for using the amounts appropriated to the Administration under subsection (a).

Notes & Related Subsidiaries

Editorial Notes

References in Text

The CARES Act, referred to in subsec. (a)(1), (7), is Pub. L. 116–136, Mar. 27, 2020, 134 Stat. 281, also known as the Coronavirus Aid, Relief, and Economic Security Act. For complete classification of this Act to the Code, see

Short Title

note set out under section 9001 of this title and Tables. section 1102(a) of this Act, referred to in subsec. (a)(1), means section 1102(a) of div. A of Pub. L. 116–136. The Inspector General Act of 1978, referred to in subsec. (a)(3), is Pub. L. 95–452, Oct. 12, 1978, 92 Stat. 1101, which was set out in the Appendix to Title 5, Government Organization and Employees, and was substantially repealed and restated in chapter 4 (§ 401 et seq.) of Title 5 by Pub. L. 117–286, §§ 3(b), 7, Dec. 27, 2022, 136 Stat. 4206, 4361. For disposition of sections of the Act into chapter 4 of Title 5, see Disposition Table preceding section 101 of Title 5.

Amendments

2020—Subsec. (a)(1). Pub. L. 116–139 substituted “$670,335,000,000” for “$349,000,000,000”. Subsec. (b). Pub. L. 116–260 inserted “with respect to loans under any paragraph of section 636(a) of this title” before “shall not exceed”.

Statutory Notes and Related Subsidiaries

Effective Date

of 2020 AmendmentAmendment by Pub. L. 116–260 effective on Dec. 27, 2020, and applicable to loans and grants made on or after Dec. 27, 2020, see section 348 of Pub. L. 116–260, set out as a note under section 636 of this title.

§9006 Direct Appropriations