15 USC 9009c - Support for restaurants

U.S Code last checked for updates: May 14, 2024

§ 9009c.

Support for restaurants

(a)

Definitions

In this section:

(1)

Administrator

(2)

Affiliated business

(3)

Covered period

The term “covered period” means the period—

(A)

beginning on February 15, 2020; and

(B)

ending on December 31, 2021, or a date to be determined by the Administrator that is not later than 2 years after March 11, 2021.

(4)

Eligible entity

The term “eligible entity”—

(A)

means a restaurant, food stand, food truck, food cart, caterer, saloon, inn, tavern, bar, lounge, brewpub, tasting room, taproom, licensed facility or premise of a beverage alcohol producer where the public may taste, sample, or purchase products, or other similar place of business in which the public or patrons assemble for the primary purpose of being served food or drink;

(B)

includes an entity described in subparagraph (A) that is located in an airport terminal or that is a Tribally-owned concern; and

(C)

does not include—

(i)

an entity described in subparagraph (A) that—

(I)

is a State or local government-operated business;

(II)

as of March 13, 2020, owns or operates (together with any affiliated business) more than 20 locations, regardless of whether those locations do business under the same or multiple names; or

(III)

has a pending application for or has received a grant under section 9009a of this title; or

(ii)

a publicly-traded company.

(5)

Exchange; issuer; security

(6)

Fund

(7)

Pandemic-related revenue loss

The term “pandemic-related revenue loss” means, with respect to an eligible entity—

(A)

except as provided in subparagraphs (B), (C), and (D), the gross receipts, as established using such verification documentation as the Administrator may require, of the eligible entity during 2020 subtracted from the gross receipts of the eligible entity in 2019, if such sum is greater than zero;

(B)

if the eligible entity was not in operation for the entirety of 2019—

(i)

the difference between—

(I)

the product obtained by multiplying the average monthly gross receipts of the eligible entity in 2019 by 12; and

(II)

the product obtained by multiplying the average monthly gross receipts of the eligible entity in 2020 by 12; or

(ii)

an amount based on a formula determined by the Administrator;

(C)

if the eligible entity opened during the period beginning on January 1, 2020, and ending on the day before March 11, 2021—

(i)

the expenses described in subsection (c)(5)(A) that were incurred by the eligible entity minus any gross receipts received; or

(ii)

an amount based on a formula determined by the Administrator; or

(D)

if the eligible entity has not yet opened as of the date of application for a grant under subsection (c), but has incurred expenses described in subsection (c)(5)(A) as of March 11, 2021—

(i)

the amount of those expenses; or

(ii)

an amount based on a formula determined by the Administrator.

For purposes of this paragraph, the pandemic-related revenue losses for an eligible entity shall be reduced by any amounts received from a covered loan made under paragraph (36) or (37) of section 636(a) of this title in 2020 or 2021.

(8)

Payroll costs

The term “payroll costs” has the meaning given the term in section 636(a)(36)(A) of this title, except that such term shall not include—

(A)

qualified wages (as defined in subsection (c)(3) of section 2301 of the CARES Act) taken into account in determining the credit allowed under such section 2301; or

(B)

premiums taken into account in determining the credit allowed under section 6432 of title 26.

(9)

Publicly-traded company

(10)

Tribally-owned concern

(b)

Restaurant Revitalization Fund

(1)

In general

(2)

Appropriations

(A)

In general

(B)

Distribution

(i)

In general

Of the amounts made available under subparagraph (A)—

(I)

$5,000,000,000 shall be available to eligible entities with gross receipts during 2019 of not more than $500,000; and

(II)

$23,600,000,000 shall be available to the Administrator to award grants under subsection (c) in an equitable manner to eligible entities of different sizes based on annual gross receipts.

(ii)

Adjustments

(C)

Grants after initial period

(3)

Use of funds

(c)

Restaurant revitalization grants

(1)

In general

(2)

Application

(A)

Certification

An eligible entity applying for a grant under this subsection shall make a good faith certification that—

(i)

the uncertainty of current economic conditions makes necessary the grant request to support the ongoing operations of the eligible entity; and

(ii)

the eligible entity has not applied for or received a grant under section 9009a of this title.

(B)

Business identifiers

(3)

Priority in awarding grants

(A)

In general

(B)

Certification

(4)

Grant amount

(A)

Aggregate maximum amount

The aggregate amount of grants made to an eligible entity and any affiliated businesses of the eligible entity under this subsection—

(i)

shall not exceed $10,000,000; and

(ii)

shall be limited to $5,000,000 per physical location of the eligible entity.

(B)

Determination of grant amount

(i)

In general

(ii)

Return to Treasury

(5)

Use of funds

During the covered period, an eligible entity that receives a grant under this subsection may use the grant funds for the following expenses incurred as a direct result of, or during, the COVID–19 pandemic:

(A)

Payroll costs.

(B)

Payments of principal or interest on any mortgage obligation (which shall not include any prepayment of principal on a mortgage obligation).

(C)

Rent payments, including rent under a lease agreement (which shall not include any prepayment of rent).

(D)

Utilities.

(E)

Maintenance expenses, including—

(i)

construction to accommodate outdoor seating; and

(ii)

walls, floors, deck surfaces, furniture, fixtures, and equipment.

(F)

Supplies, including protective equipment and cleaning materials.

(G)

Food and beverage expenses that are within the scope of the normal business practice of the eligible entity before the covered period.

(H)

Covered supplier costs, as defined in section 636m(a) of this title (as redesignated, transferred, and amended by section 304(b) of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Public Law 116–260)).

(I)

Operational expenses.

(J)

Paid sick leave.

(K)

Any other expenses that the Administrator determines to be essential to maintaining the eligible entity.

(6)

Returning funds

(Pub. L. 117–2, title V, § 5003, Mar. 11, 2021, 135 Stat. 85.)

cite as: 15 USC 9009c