ABSTRACT

Small Business Administration: Use of Supplemental Funds for Administering COVID-19-Related Programs, Report to Congressional Committees   [open pdf - 558KB]

From the Highlights: "The COVID-19 [coronavirus disease 2019] pandemic disrupted small businesses and generated an immediate need for emergency funding to keep businesses operating. In response, Congress dramatically increased the amount of loans, grants, and other financial assistance available from SBA [Small Business Administration]. To help SBA manage the large volume of assistance, Congress provided the agency additional funds for administrative expenses. Congress included a provision in statute for GAO [Government Accountability Office] to report on SBA's use of supplemental appropriations provided in fiscal year 2020 for administrative expenses. This report discusses (1) the amount of supplemental appropriations SBA received in fiscal year 2020 for administrative expenses and SBA's planned uses for these funds, and (2) the extent to which SBA had obligated and expended these funds as of January 31, 2021, and for what purposes."

Report Number:
GAO-21-489
Publisher:
Date:
2021-06
Series:
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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