22nd DAA to Repay Paycheck Protection Program Funds, Says ‘Clarity’ Needed on Legal Status ...Middle East

News by : (Times of San Diego) -
The Del Mar Fairgrounds. Photo credit: Courtesy 22nd District Agricultural Association The 22nd District Agricultural Association’s board has agreed to repay a federal Paycheck Protection Program loan that helped the organization stay afloat during the COVID-19 pandemic, saying that they are now seeking to “better clarify” its status under state and federal law. The loan was later converted to a grant by the Small Business Association, meaning the organization did not have to pay it back, the DAA said. However, the U.S. Attorney’s Office later began an investigation into whether the DAA, which owns and operates the Del Mar Fairgrounds, was technically eligible for the PPP loan.

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