SBA's Save Our Stages Act Grants
$10,000,000. Each Supplemental SOS Grant will be capped at 50% of the grantee’s initial SOS Grant amount, provided that in no case will a grantee be eligible to receive SOS Grants totaling more than $10 million (as a combination of its initial SOS Grant and its Supplemental SOS Grant).[6] IV. Allowable and Prohibited Uses of SOS Grant Proceeds SOS Grant proceeds may be used to pay costs incurred during the period March 1, 2020 – December 31, 2021; provided, however, that proceeds of (i) an initial SOS Grant to the extent not expended on or before the date that is one year after the da...
Source: natlawreview.com