Posted on 04/11/2020 5:12:24 PM PDT by marshmallow
CLEVELAND - Religious nonprofits, including schools, parishes and some dioceses, are eligible for assistance under regulations developed to implement portions of the massive $2.2 trillion Coronavirus Aid, Relief and Economic Security Act, or CARES Act.
Interim final rules governing the law’s implementation state that faith-based organizations are eligible to seek and obtain Small Business Administration loans to continue paying employees for up to eight weeks provided at least 75 percent of the loan is used for payroll costs.
The regulations are set to undergo the normal comment process as required by law, but they essentially took effect April 3.
The law also includes a provision for church employees who are laid off from entities that do not participate in a state or a private unemployment insurance program to receive jobless benefits.
Anthony Picarello, associate general secretary and general counsel of the U.S. Conference of Catholic Bishops, explained the provision permits those employees to receive unemployment benefits in much the same way that contract and so-called gig workers can under the new law.
“They will not be left hanging out to dry,” he told Catholic News Service.
The CARES Act’s complexities were still being unraveled April 6 as the country reels from an intensifying economic shutdown resulting from the COVID-19 pandemic. Federal officials are working to smooth the way for nonprofits and small businesses employing up to 500 workers to access $350 billion in low-interest loans available under law’s Paycheck Protection Program.
“But the loan is forgivable. It becomes a grant if you keep your employees,” Picarello said. “Even if you have already let people go and if you bring them back, you can still get loan forgiveness.”
(Excerpt) Read more at cruxnow.com ...
Will this be abused by Mosque workers ?
Someone has a problem with that I guess.
Tyrants.
. . for up to eight weeks . .
The shutdowns will last another month or two, and when the restrictions are loosened, they will still limit meetings to 50 or less.
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