S 3924
Bus Rolling Stock Modernization Act of 2024
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill allows state and local transit authorities to use federal grants to make partial upfront payments for new buses. Specifically, they can pay up to 20% of a bus’s cost without needing prior approval or a performance bond from the manufacturer. To qualify, the transit authority must have a signed purchase order and a contract with the manufacturer that includes these advance payment terms. The bill aims to streamline the bus purchasing process for public transportation agencies.
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