The Secretary shall provide financial assistance under this part-
Financial assistance provided to a passenger air carrier or contractor under this part shall-
The Secretary shall, to the maximum extent practicable, publish streamlined and expedited procedures not later than 5 days after December 27, 2020, for passenger air carriers and contractors to submit requests for financial assistance under this part.
Not later than 10 days after December 27, 2020, the Secretary shall make initial payments to passenger air carriers and contractors that submit requests for financial assistance approved by the Secretary.
The Secretary shall determine an appropriate method for the timely distribution of payments to passenger air carriers and contractors with approved requests for financial assistance from any funds remaining available after providing initial financial assistance payments under paragraph (2).
The Secretary shall have the authority to reduce, on a pro rata basis, the amounts due to passenger air carriers and contractors under subsection (a) in order to address any shortfall in assistance that would otherwise be provided under such subsection.
The Inspector General of the Department of the Treasury shall audit certifications made under subsection (a).
15 U.S.C. § 9093
EDITORIAL NOTES
REFERENCES IN TEXTThis part, referred to in subsecs. (a) and (b)(1), was in the original "this subtitle", meaning subtitle A (§§401-412) of title IV of div. N of Pub. L. 116-260, 134 Stat. 2052, which enacted this part and amended sections 9041, 9071, and 9074 of this title. For complete classification of subtitle A to the Code, see Tables.
CODIFICATIONSection was enacted as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and also as part of the Consolidated Appropriations Act, 2021, and not as part of the CARES Act which in part comprises this chapter.