Taking advantage of both contract award funds and PPP monies for the same expenses can be slippery territory, but much depends on whether the contracts are at the Federal, State, or Local levels. According to the FAR, any PPP fund you receive that doesn’t end up being a loan and duplicates a federal contract or award amount goes to the government. You read that right: If you receive PPP forgiveness on a loan that you’ve used for indirect or direct costs—at the same time that you’re spending a contract or grant award—you owe the government a credit.
