Awardable amounts
Deadlines and procedures
In general
Forms; terms and conditions
Procedures
The Secretary shall, to the maximum extent practicable, publish streamlined and expedited procedures not later than 5 days after , for passenger air carriers and contractors to submit requests for financial assistance under this part.
Deadline for immediate payroll assistance
Not later than 10 days after , the Secretary shall make initial payments to passenger air carriers and contractors that submit requests for financial assistance approved by the Secretary.
Subsequent payments
The Secretary shall determine an appropriate method for the timely distribution of payments to passenger air carriers and contractors with approved requests for financial assistance from any funds remaining available after providing initial financial assistance payments under paragraph (2).
Pro rata reductions
The Secretary shall have the authority to reduce, on a pro rata basis, the amounts due to passenger air carriers and contractors under subsection (a) in order to address any shortfall in assistance that would otherwise be provided under such subsection.
Audits
The Inspector General of the Department of the Treasury shall audit certifications made under subsection (a).
Pub. L. 116–260, div. N, title IV, § 403134 Stat. 2053 (, , .)
Editorial Notes
References in Text
Pub. L. 116–260134 Stat. 2052 This part, referred to in subsecs. (a) and (b)(1), was in the original “this subtitle”, meaning subtitle A (§§ 401–412) of title IV of div. N of , , , which enacted this part and amended sections 9041, 9071, and 9074 of this title. For complete classification of subtitle A to the Code, see Tables.
Codification
Section was enacted as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and also as part of the Consolidated Appropriations Act, 2021, and not as part of the CARES Act which in part comprises this chapter.