PPP1 Loan Increase Covered Period

Technical topics regarding tax preparation.
#1
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Joined:
30-Jan-2019 11:16am
Location:
New York
If a business gets additional PPP1 funds (Section 312 of the relief legislation, not second round PPP) do they get a new covered period for the additional funds, or is forgiveness still based on the original 24 weeks starting with the first disbursement?

I can't find anything in the Bill or IFRs that addresses this issue.

Any help is much appreciated.

Thank you!
 

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