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Available for Air Quality Improvement Projects
The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 , the most recent coronavirus relief package passed by the government, designates $900 billion for coronavirus relief, including stimulus checks, unemployment benefits, vaccine distribution and aid to small businesses, health care, education, transportation, rental assistance and agriculture. Several provisions in the bill may allow educational institutions, health care providers and small businesses to tackle air quality improvement projects with minimal financial impact. This page outlines several provisions in the legislation and provides links for reference to help GPS customers leverage this program and make informed decisions.
Elementary & Secondary Education
The Elementary and Secondary School Emergency Relief Fund, known as ESSER II, has $54.3 billion available which can be used for “repairing and upgrading projects to improve air quality in school buildings.” Please refer to the Department of Education state allocations for more information.
Timing : Funds will be made available to state education agencies in the coming days. Funds are available for obligation through September 30, 2023. If schools received ESSER I funds in the original CARES Act, those dollars must be used before making use of ESSER II funds.
ESSER Fact Sheet
Cover Letter to Commissioners of Education
ESSER Resource Webpage
The Higher Education Emergency Relief Fund, known as HEER II, has $22.7 billion available, with allocations to be announced soon. Institutions may use funds to cover costs associated with signifi cant changes to the delivery of instruction due to the coronavirus. Please note that 50% of the funds must be used to provide emergency fi nancial aid grants to students.
Timing : More information on HEER II should be available in the coming days.
Additional Education Project Funding
An additional $4.1 billion in funding for education is available through the Governor’s Emergency Education Relief Fund (GEER II). Private schools have been allocated $2.75 billion of the fund, known as the Emergency Assistance for Non-Public Schools (EANS), for uses relating to safely reopening schools, continuing instruction and other coronavirus-related costs. The remaining $1.3 billion in GEER II is for governors to use at their discretion, including providing subgrants to local school districts or colleges and universities. Please refer to the Department of Education GEER II and EANS program state allocations for more information.
Timing : GEER II funding of $1.3 billion will be available to states soon, as governors do not need to apply to receive their portion. EANS funding may take longer to allocate as governors must apply for it. Non-public schools may apply to the state education agency (SEA) to receive funds. Funds are available for obligation through September 30, 2023.
GEER II Fact Sheet
Cover Letter to Governors
GEER Resource Webpage • EANS Resource Webpage
HEALTH CARE PROVIDERS
Provider Relief Fund
A total of $3 billion in funds in the Provider Relief Fund are available for “General” and “Targeted” distributions. General Distribution is meant for Medicare fee-for-service providers, Medicaid and Children’s Health Insurance Program dental providers who provided diagnoses, testing or care for people with possible or actual cases of COVID-19. Targeted Distributions are for providers in areas particularly impacted by COVID-19, rural providers and providers requesting reimbursement for treating uninsured Americans. Funds can be used for lost revenues and health care–related expenses that are attributable to the coronavirus. Capital facilities expenses may be fully expensed only in cases where the purchase was directly related to preventing, preparing for and responding to the coronavirus.
Timing : The Department of Health and Human Services is expected to release guidance on the Provider Relief Fund payments soon
STATE & LOCAL GOVERNMENTS
Provider Relief Fund
While the package does not include funding for the Coronavirus Relief Fund, which provided aid to state and local governments, the deadline for spending appropriated money from the Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund has been extended until December 31, 2021. The amount of CARES Act money remaining varies by state.
Paycheck Protection Program
A second round of the Paycheck Protection Program (PPP) is available in the amount of $284 billion. Applicants can apply for a fi rst or second draw, with loans available for up to 2.5x average monthly payroll costs for the year prior/calendar year for a maximum of $2 million. PPP funding doesn’t apply only to paychecks: Funds can be used to cover mortgage interest, rent, utilities and worker protection costs related to COVID-19. Please note, business expenses paid with a forgiven or forgivable PPP loan are tax deductible. For more information, please see the IRS news release and guidance.
Timing : First-time borrowers can access loans starting January 11, 2021, and second draw borrowers on January 13, 2021. The last day to apply is March 31, 2021.
NEED MORE INFO ON ELIGIBILITY
SBA Interim Final Rule for First-Time Borrowers • SBA Interim Final Rule for PPP Second Draw Loans • Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns • SBA One-Pager on PPP First Draw Loans • SBA One-Pager on PPP Second Draw Loans • SBA PPP Resource Webpage
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Disclaimer: This INFORMATION (PROVIDED by Global Plasma Solutions) is intended for general information purposes only and is not intended to replace professional financial or legal advice.
DISCLAIMER : Global Plasma Solutions (GPS) uses multiple data points to formulate performance validation statements. GPS technology is used in a wide range of applications across diverse environmental conditions. Since locations will vary, clients should evaluate their individual application and environmental conditions when making an assessment regarding the technology’s potential benefits. The use of this technology is not intended to take the place of reasonable precautions to prevent the transmission of pathogens. It is important to comply with all applicable public health laws and guidelines issued by federal, state, and local governments and health authorities as well as official guidance published by the Centers for Disease Control and Prevention (CDC), including but not limited to social distancing, hand hygiene, cough etiquette, and the use of face masks.