; and (2) the lender shall not be subject to any penalties by the Administrator relating to loan forgiveness for the payments for payroll costs, payments on covered mortgage obligations, payments on covered lease obligations, or covered utility payments, as the case may be. (i) Taxability Canceled indebtedness under this section shall be excluded from gross income for purposes of the Internal Revenue Code of 1986. (j) Rule of construction The cancellation of indebtedness on a covered loan under this section shall not otherwise modify the terms and conditions of the covered loan. (k) Regulations Not later than 30 days after the date of enactment of this Act, the Administrator shall issue guidance and regulations implementing this section. 5. Direct appropriations (a) In general There is appropriated, out of amounts in the Treasury not otherwise appropriated, for the fiscal year ending September 30, 2020, to remain available until September 30, 2021, for additional amounts— (1) $299,400,000,000 under the heading Small Business Administration — Business Loans Program Account for the cost of guaranteed loans as authorized under paragraph (36) of section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), as added by section 2(a) of this title; (2) $700,000,000 under the heading Small Business Administration — Salaries and Expenses for salaries and expenses of the Administration; and (3) $25,000,000 under the heading Small Business Administration — Office of Inspector General for necessary expenses of the Office of Inspector General of the Administration in carrying out the provisions of the Inspector General Act of 1978 (5 U.S.C. App.). 6. Contracting (a) Definition In this section, the term covered entity means a small business concern or nonprofit organization— (1) that is a party to a contract with a Federal agency