May 7, 2020, 3:21 PM
(From CliftonLarsonAllen LLP) The SBA has extended the safe-harbor period for returning Paycheck Protection Program (PPP) funds by one week to May 14, 2020. A May 7 deadline for returning funds was initially provided by the SBA for companies that received PPP funds but later found that they were unable to certify in good faith that their PPP loan was necessary. Current guidance does not provide clear direction on the conditions for eligibility and forgiveness. However, experts at CliftonLarsonAllen say it's critical that schools document rationale for the loan now to show they are considering the following factors:
(From Education Week) On May 6, Nampa Christian Schools, a 730 student PS-12 school in Nampa, Idaho, reopened its campus for in-person classes — offering a preview of what other schools may look like when they eventually transition back to in-person instruction. The school said it has cancelled or postponed all in-person gatherings and will temporarily halt transportation services, though students unable to return to campus will still have the option of online learning and live streaming of classroom lessons. On campus, the school has instituted shorted break periods to prevent students from congregating, moved lunches to the classroom and is offering free surgical masks in the front office.
Idaho is among the 47 US states that have ordered or recommended that schools stay closed for the rest of the academic year but allowed individual schools to make the decision to reopen. Currently, Nampa's public schools are still closed to in-person instruction and will not reopen for the rest of the academic school year. In neighboring Montana, a few small schools opened today.
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