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April 2020 Archives

Paycheck Protection Program: New Disbursement Rule

The Small Business Administration recently released another interim final rule. This rule relates to disbursements of Paycheck Protection Program loans. It announces that borrowers may not take multiple draws to delay the start of the 8-week covered period. Under the CARES Act, the covered period is important for determining loan forgiveness.

New Repayment Safe Harbor for Companies That Didn't Need a PPP Loan

On Friday, the SBA issued another set of rules for the Paycheck Protection Program. No, these are not the much-needed rules and guidance on forgiveness, which we still await. These new rules cover a variety of topics, including certain requirements for promissory notes for lenders, clarification on certain eligible businesses (including a prohibition on hedge fund participation), eligibility of companies with ESOPs, and eligibility of businesses currently in bankruptcy.

Governor Walz to Allow Employees of Certain Industrial and Office Settings to Return to Work April 27, 2020

Today Governor Walz signed Executive Order 20-40, which allows workers in certain industrial and office settings to return to work, subject to several conditions. First, all workers who can work from home must continue to do so. Second, the employer must create a COVID-19 Preparedness Plan and conduct health screenings of employees each day at arrival.

DO NOT FORGET ABOUT THE COVID-19 EMPLOYEE LEAVE RECORDKEEPING

Department of Labor ("DOL") regulations require employees to provide their employer with certain documentation regarding a request for leave under the Emergency Sick Leave Act ("EPSLA") or Emergency Family and Medical Leave Expansion Act ("EFMLEA"). Employers are required to maintain this documentation for four years. This information should include:

The U.S. Department of Labor Issues Enforcement Guidance For Recording Cases of COVID-19

WASHINGTON, DC - The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has issued interim guidance for enforcing OSHA's recordkeeping requirements (29 CFR Part 1904) as it relates to recording cases of COVID-19.

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Dunlap & Seeger, P.A.
30 3rd Street SE
Rochester, MN 55904

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