View Amendment Current Amendment: 6 to Bill 3210

Senator CASH proposed the following amendment (3210R012.KMM.RJC):

Amend the bill, as and if amended, PART II, by striking SECTION 6 in its entirety and inserting:

/ SECTION6. (A) There is established through the SC CARES Grant Management Program a qualifying business reimbursement grant program with the funds authorized in SECTION 3(F). The program shall award grants to qualifying businesses to reimburse the businesses for some, or all, of the costs associated with qualifying expenditures incurred, or expected to be incurred, by the qualifying businesses between March 1, 2020 and December 1, 2020. Grants shall be awarded on a first come, first served basis. A qualifying business may receive a grant in an amount between two thousand, five hundred dollars and fifty thousand dollars. Businesses must apply for grants no later than November 1, 2020.

(B) Applications for grants shall be made to the SC CARES Grant Management Program. An applicant shall provide the SC CARES Grant Management Program with information concerning the applicant's expenditures for which the applicant seeks a grant. The grant manager shall evaluate grant applications to confirm that all reimbursement requests in the grant applications comply with federal CARES Act requirements.

(C) For the purposes of the qualifying business reimbursement grant program:

(1) " Qualifying business" means a business for which its owner has an adjusted gross income of fifty thousand dollars or less on his most recent federal income tax return.

(2) " Qualifying expenditure" means costs associated with business interruptions resulting from the COVID-19 public health emergency and any expenses deemed necessary and incurred as a result of the COVID-19 health emergency. The definition of qualifying expenditure does not include any expenditure that qualified the qualifying business to receive federal emergency relief funds, including the Paycheck Protection Program, if the qualifying business has, or will, receive federal emergency relief funds. /

Amend the bill further, as and if amended, PART I, SECTION 3, by striking subsection (F) and inserting:

/ (F) Department of Administration

Low-Income Business Relief Program...$ 20,000,000 /