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15 U.S.C. · Commerce and Trade
15 U.S.C. § 9061

Direct appropriation

Ch. 116 — CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT)
Title 15 U.S.C. ● ACTIVE Primary Source Ch. 116
Statutory Text

15 U.S.C. § 9061 — Direct appropriation

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 116 - CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT) SUBCHAPTER III - ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED SECTORS OF THE UNITED STATES ECONOMY Part A - Coronavirus Economic Stabilization Sec. 9061 - Direct appropriation From the U.S. Government Publishing Office, www.gpo.gov

§9061. Direct appropriation

(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, $500,000,000,000 to carry out this part. (b) Omitted (c) Clarification (1) In general On or after January 1, 2021, any remaining funds made available under section 9042(b) of this title may be used only for— (A) modifications, restructurings, or other amendments of loans, loan guarantees, or other investments in accordance with section 9063(b)(1) of this title; 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 9042(f) of this title. (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.

(Pub. L. 116–136, div. A, title IV, §4027, Mar. 27, 2020, 134 Stat. 496.)

Editorial Notes

References in Text This part, referred to in subsec. (a), was in the original "this subtitle", meaning subtitle A (§§4001–4029) of title IV of div. A of Pub. L. 116–136, known as the Coronavirus Economic Stabilization Act of 2020, which is classified principally to this part. For complete classification of subtitle A to the Code, see section 4001 of Pub. L. 116–136, set out as a Short Title note under section 9001 of this title, and Tables.

Codification Section is comprised of section 4027 of Pub. L. 116–136. Subsec. (b) of section 4027 of Pub. L. 116–136 amended section 5302 of Title 31, Money and Finance.

Source: uscode.house.gov — public domain Official Source ↗
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15 U.S.C. § 9061
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The statutory text of 15 U.S.C. § 9061 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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Ch. 116 — CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT)
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