Non-Payroll Costs definition
Non-Payroll Costs means payments of interest on a “covered mortgage obligation”, payments on a “covered rent obligation”, and “covered utility payment” as such terms are used in Section 1106(a) of the CARES Act and any SBA rules, regulations, guidelines, and interpretations thereof or related thereto.
Examples of Non-Payroll Costs in a sentence
Funding Technique Name Description Actual Administrative Non-Payroll Costs - Weekly The State shall request funds weekly such that they are deposited in a State account on Tuesdays.
All Non-Payroll Costs paid using proceeds from the PPP Loan were incurred pursuant to obligations or Contracts in existence prior to February 15, 2020.