,,ii #aafth ,,congress #ast ,session ,s4 #bdjc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #ca1 #bjai,mr4 ,merkley 7for himself1 ,mr4 ,sanders1 ,ms4 ,cortez ,masto1 ,ms4 ,smith1 ,ms4 ,harris1 ,mr4 ,booker1 ,mr4 ,wyden1 ,mr4 ,whitehouse1 ,mr4 ,heinrich1 ,mrs4 ,gillibrand1 and ,mrs4 ,murray7 introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to authorize the ,secretary of ,transportation to provide loans for the acquisition of electric buses and related infrastructure4 #a4 ,short title ,this ,act may be cited as the ,community ,health and ,clean ,transit ,act of #bjai4 #b4 ,definitions ,in this ,act-- 7#a7 the term covered loan means a direct loan made by the ,secretary under section #d2 7#b7 the term electric bus means a bus that is a zero emission vehicle 7as defined in section #ecci7;c77#a7 of title #di1 ,united ,states ,code7 that is fully battery-powered2 7#c7 the term eligible entity means an eligible recipient1 as described in section #ecci7;a77#d7 of title #di1 ,united ,states ,code2 7#d7 the term eligible project has the meaning given the term in section #ecci7;c77#a7 of title #di1 ,united ,states ,code1 except that that definition shall be applied by substituting electric buses for low or no emission vehicles2 7#e7 the term eligible project cost-- 7,a7 means the cost of an eligible project2 and 7,b7 includes 7and in the case of an eligible project described in clause 7i71 7ii71 or 7iii7 of section #ecci7;c77#a77;,b71 means only7-- 7i7 the incremental cost of acquiring an electric bus necessary to meet the needs of the eligible entity1 as compared to the average cost of a diesel bus2 and 7ii7 the cost of technical assistance for the acquisition1 financing1 and operation of an electric bus and related infrastructure1 including technical assistance for route electrification1 technology selection1 and vehicle-to-grid interfacing2 7#f7 the term ,secretary1 except as otherwise provided1 means the ,secretary of ,transportation2 and 7#g7 the term subsidy amount means the amount of budget authority sufficient to cover the estimated long-term cost to the ,federal ,government of a covered loan-- 7,a7 calculated on a net present value basis2 and 7,b7 excluding administrative costs and any incidental effects on governmental receipts or outlays in accordance with the ,federal ,credit ,reform ,act of #aiij 7#b ,u4,s4,c4 #ffa et seq474 #c4 ,purpose ,the purpose of this ,act is to help entities that provide or finance public transportation to choose and be able to afford the best vehicles for their needs1 and to achieve fuel and maintenance cost savings1 by providing loans to eligible entities to acquire electric buses and related infrastructure4 #d4 ,authorization to provide assistance ,the ,secretary may make a direct loan to an eligible entity for eligible project costs4 #e4 ,applications 7a7 ,in general ,except as provided in subsection 7b71 an eligible entity desiring a covered loan shall submit to the ,secretary an application that-- 7#a7 includes an implementation plan for use of the covered loan2 7#b7 estimates the amounts the eligible entity will save on fuel and maintenance costs due to the covered loan2 and 7#c7 provides reasonable assurance that the eligible entity will make all payments on the covered loan4 7b7 ,link to low or no emission bus and bus facilities grant applications ,the ,secretary shall establish a procedure under which an eligible entity that submits an application under section #ecci7;c7 of title #di1 ,united ,states ,code1 for a grant relating to a low or no emission bus or bus facility may amend the application to also be considered for a covered loan under this ,act without having to submit a separate application under this section4 7c7 ,guidance and best practices ,not later than #a year after the date of enactment of this ,act1 the ,secretary of ,energy1 in consultation with the ,secretary of ,transportation1 shall develop and publish on the website of the ,department of ,energy guidance on best practices for transit districts to enter into innovative relationships with public utilities and bus manufacturers to incorporate into operations and financing of electric buses and infrastructure-- 7#a7 secondary use of the battery2 7#b7 vehicle-to-grid integration2 7#c7 charging infrastructure cost shares2 or 7#d7 battery performance guarantees4 #f4 ,terms and conditions 7a7 ,in general ,a covered loan-- 7#a7 shall not accrue interest2 and 7#b7 shall be on such terms and conditions and contain such covenants1 representations1 warranties1 and requirements 7including requirements for audits7 as the ,secretary may prescribe4 7b7 ,term of loan ,the ,secretary may provide a covered loan only if the final maturity date of the covered loan is not later than the date on which the electric bus acquired using the covered loan is expected to exceed its useful life1 based on the average life expectancy of the electric bus4 7c7 ,buy ,america ,section #ecbc7;j7 of title #di1 ,united ,states ,code1 shall apply with respect to a project funded using a covered loan in the same manner as to a project funded using amounts appropriated to carry out chapter #ec of such title #di4 7d7 ,non-,federal share for ,low-,no grants ,the proceeds of a covered loan may be used for any non-,federal share of project costs required under section #ecci7;c7 of title #di1 ,united ,states ,code1 if the covered loan is repayable from non-,federal funds4 #g4 ,repayment 7a7 ,commencement ,scheduled repayments of principal on a covered loan provided to an eligible entity shall commence not later than #ahj days after the date on which the eligible entity places in revenue service the electric bus and necessary infrastructure that were acquired using the covered loan4 7b7 ,prepayment ,an eligible entity may make repayments on a covered loan in advance of the scheduled repayment date with no penalty4 7c7 ,delinquency ,notwithstanding any other provision of law1 if an eligible entity fails to make a scheduled repayment on a covered loan1 the ,secretary may withhold from the eligible entity an equivalent amount of any assistance that would otherwise be provided to the eligible entity under a formula grant program under chapter #ec of title #di1 ,united ,states ,code4 #h4 ,availability of funds ,subject to the availability of funds and except as otherwise provided in this ,act1 amounts provided by the ,secretary under this ,act shall be available until expended4 #i4 ,authorization of appropriations 7a7 ,in general ,there is authorized to be appropriated #ae1jjj1jjj for each of the first #e fiscal years beginning after the date of enactment of this ,act for the subsidy amount of covered loans4 7b7 ,administrative costs ,there is authorized to be appropriated such sums as are necessary for the administrative cost of providing covered loans4