,i #aacth ,,congress #b;d ,session ,h4 ,r4 #dcci ,,in ,,the ,,house ,,of ,,representatives ,march #bg1 #bjad ,mr4 ,rangel 7for himself and ,ms4 ,norton7 introduced the following bill2 which was referred to the ,committee on ,transportation and ,infrastructure1 and in addition to the ,committee on ,energy and ,commerce1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to establish ,state revolving loan funds to repair or replace natural gas distribution pipelines4 #a4 ,short title ,this ,act may be cited as the ,pipeline ,revolving ,fund and ,job ,creation ,act4 #b4 ,definitions ,in this ,act3 7#a7 ,administrator ,the term ,administrator means the ,administrator of the ,pipeline and ,hazardous ,materials ,safety ,administration4 7#b7 ,state ,the term ,state means-- 7,a7 a ,state2 and 7,b7 the ,district of ,columbia4 7#c7 ,state loan fund ,the term ,state loan fund means a pipeline replacement revolving loan fund established by a ,state under section #c7;a77#b77;,b74 #c4 ,state revolving loan funds 7a7 ,grants to states ,to establish loan funds 7#a7 ,in general ,the ,administrator shall offer to enter into agreements with eligible ,states to make capitalization grants1 including letters of credit1 to the ,states under this subsection to repair or replace natural gas distribution pipelines4 7#b7 ,eligibility ,to be eligible to receive a capitalization grant under this section1 a ,state shall-- 7,a7 enter into a capitalization agreement with the ,administrator under paragraph 7#a72 and 7,b7 establish a pipeline replacement revolving loan fund4 7#c7 ,deposit ,funds granted to a ,state under this section shall be deposited in the ,state loan fund established by the ,state4 7#d7 ,period ,the funds granted to a ,state shall be available to the ,state for obligation during the fiscal year for which the funds are authorized and during the following fiscal year4 7#e7 ,allotment ,funds made available to carry out this section shall be allotted to ,states in at the discretion of the ,administrator4 7#f7 ,reallotment ,any funds not obligated by a ,state by the last day of the period for which the grants are available shall be reallotted in accordance with paragraph 7#e74 7b7 ,use of funds 7#a7 ,in general ,amounts deposited in a ,state loan fund1 including loan repayments and interest earned on the amounts1 shall be used only for providing loans or loan guarantees or as a source of reserve and security for leveraged loans4 7#b7 ,limitations 7,a7 ,in general ,loans or loan guarantees made by a ,state under paragraph 7#a7-- 7i7 may be used only for expenditures of a type or category that the ,administrator has determined1 through guidance1 will-- 7,i7 facilitate compliance with a plan submitted under subsection 7c72 or 7,,ii7 otherwise significantly further the replacement or repair of natural gas distribution pipelines that have been identified as leak-prone2 and 7ii7 may not be used for the acquisition of real property or an interest in real property1 unless the acquisition is-- 7,i7 integral to a plan submitted under subsection 7c72 and 7,,ii7 from a willing seller4 7,b7 ,buying american 7i7 ,in general ,the ,administrator shall ensure1 through guidance1 that1 to the maximum extent practicable1 none of the funds from a loan or loan guarantee made by a ,state under paragraph 7#a7 are used to repair or replace natural gas distribution pipelines unless all of the iron1 steel1 plastic1 and manufactured goods used in the repair or replacement are produced in the ,united ,states4 7ii7 ,waiver ,clause 7i7 shall not apply in any case or category of cases in which the ,administrator finds that-- 7,i7 applying that clause would be inconsistent with the public interest2 7,,ii7 iron1 steel1 plastic1 or the applicable manufactured goods are not produced in the ,united ,states in sufficient and reasonably available quantities and of a satisfactory quality2 or 7,,iii7 inclusion of iron1 steel1 plastic1 and manufactured goods produced in the ,united ,states will increase the cost of the overall repair or replacement by more than #be percent4 7iii7 ,publication ,if the ,administrator determines that it is necessary to waive the application of clause 7i7 based on a finding under clause 7ii71 the ,administrator shall publish in the ,federal ,register a detailed written justification as to why the provision is being waived4 7iv7 ,applicability ,this section shall be applied in a manner consistent with ,united ,states obligations under international agreements4 7c7 ,intended use plans 7#a7 ,in general ,after providing for public review and comment1 each ,state that has entered into a capitalization agreement pursuant to this section shall annually prepare a plan that identifies the intended uses of the amounts available from the ,state loan fund of the ,state4 7#b7 ,contents ,an intended use plan shall include-- 7,a7 a list of the projects to be carried out by entities receiving the loans in the first fiscal year that begins after the date of the plan1 including a description of the project2 7,b7 the criteria and methods established for the use of funds2 and 7,c7 a description of the financial status of the ,state loan fund and the short- and long-term goals of the ,state loan fund4 7#c7 ,list of projects ,each ,state shall1 after notice and opportunity for public comment1 publish and periodically update a list of projects in the ,state that are eligible for assistance under this section1 including the priority assigned to each project and1 to the maximum extent practicable1 the expected funding schedule for each project and1 if possible1 an estimate of expected reductions in greenhouse gas emissions for the project4 7d7 ,fund management 7#a7 ,in general ,each ,state loan fund under this section shall be established1 maintained1 and credited with repayments and interest and the fund corpus shall be available in perpetuity in accordance with this section4 7#b7 ,investment authorized ,to the extent amounts in the fund are not required for current obligation or expenditure1 the amounts shall be invested in interest bearing obligations4 7e7 ,state contributions ,each capitalization agreement entered into pursuant to this section shall require that the ,state deposit in the ,state loan fund from ,state moneys an amount equal to not less than #bj percent of the total amount of the grant to be made to the ,state on or before the date on which the grant payment is made to the ,state4 7f7 ,administration of state loan fund 7#a7 ,in general ,each ,state may annually use not greater than #d percent of the funds allotted to the ,state under this section to cover the reasonable costs of administration of the programs under this section1 including the recovery of reasonable costs expended to establish a ,state loan fund that are incurred after the date of enactment of this ,act4 7#b7 ,guidance and regulations ,the ,administrator shall issue guidance and promulgate regulations as are necessary to carry out this section1 including guidance and regulations-- 7,a7 to ensure that each ,state commits and expends funds allotted to the ,state under this section as efficiently as practicable in accordance with this section and applicable ,state law2 7,b7 to prevent waste1 fraud1 and abuse2 and 7,c7 to ensure that the ,states receiving grants under this section use accounting1 audit1 and fiscal procedures that conform to generally accepted accounting standards4 7#c7 ,state report ,each ,state administering a ,state loan fund under this section shall submit to the ,administrator a report every #b years on the activities carried out under this section1 including the findings of the most recent audit of the fund and the entire ,state allotment4 7#d7 ,audits ,the ,administrator shall periodically audit all ,state loan funds established by1 and all other amounts allotted to1 the ,states pursuant to this section in accordance with procedures established by the ,comptroller ,general of the ,united ,states4 7g7 ,applicability of federal law 7#a7 ,in general ,the ,administrator shall ensure that all laborers and mechanics employed on projects funded directly1 or assisted in whole or in part1 by this ,act and contributed to a ,state loan fund established by this ,act shall be paid wages at rates not less than those prevailing on projects of a character similar in the locality as determined by the ,secretary of ,labor in accordance with subchapter ,,iv of chapter #ca of part ,a of subtitle ,,ii of title #dj1 ,united ,states ,code4 7#b7 ,authority ,with respect to the labor standards specified in paragraph 7#a71 the ,secretary of ,labor shall have the authority and functions set forth in ,reorganization ,plan ,numbered #ad of #aiej 7#fd ,stat4 #abfg2 #e ,u4,s4,c4 ,app47 and section #cade of title #dj1 ,united ,states ,code4 #d4 ,authorization of appropriations 7a7 ,in general ,there are authorized to be appropriated to carry out this ,act such sums as are necessary for each of fiscal years #bjad through #bjbd4 7b7 ,limitation ,only sums appropriated pursuant to subsection 7a7 may be used to carry out this ,act4