,,ii  #aag? ,,congress  #a/ ,session    
,s4 #bcfa  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #ae1 #bjba,mr4   
,re$ 7= himself & ,ms4 ,coll9s7         
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to reau?orize ! budget-neutral 
demon/ration program = en]gy & wat]     
cons]vation at multifamily resid5tial   
units1 to e/abli% a gre5 retr(it        
program1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,gre5   
,retr(its ,act4  #b4 ,reau?orization (  
budget-neutral demon/ration program     
,section #hajja ( ! ,,fa/ ,act 7#db     
,u4,s4,c4 #abgab note2 ,public ,law     
#aad-id7 is am5d$-- 7#a7 9 subsection   
7a71 9 ! matt] prec$+ p>agraph 7#a7--   
7,a7 by /rik+ #bjaf ?r\gh #bjai & ins]t+
 #bjbb ?r\gh #bjbg2  7,b7 by /rik+ co/s 
& ins]t+ burd5s & gre5h\se gas          
emissions2 &  7,c7 by /rik+ #bj1jjj &   
ins]t+ #ce1jjj2  7#b7 9 subsection 7b7--
 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ an 

en]gy or wat] co/ sav+s is & ins]t+     
en]gy or wat] co/s sav+s are2  7ii7 9   
subp>agraph 7,c77iv71 by /rik+          
det]m9ation ( sav+s to ! ,secret>y &    
ins]t+ validation ( subsidy am\nts f !  
,dep>tm5t ( ,h\s+ & ,urban ,developm5t  
requir$ to support actual utility co/s2 
&  7iii7 by /rik+ ! undesignat$ matt]   
foll[+ subp>agraph 7,c72 &  7,b7 9      
p>agraph 7#b7-- 7i7 by r$esignat+       
subp>agraphs 7,b71 7,c71 7,d71 & 7,e7 z 
subp>agraphs 7,c71 7,d71 7,e71 & 7,g71  
respectively2  7ii7 9 subp>agraph 7,a71 
by /rik+ effect & dur+ & ins]t+ 8effect2
  7,b7 ! p]iod dur+  2  7iii7 9         
subp>agraph 7,b71 z s designat$1 by     
/rik+ #ab ye>s & ins]t+ #ae ye>s2  7iv7 
9 subp>agraph 7,d71 z s r$esignat$1 by  
ins]t+ prop]ty or be=e prop]ties2  7v7 9
 subp>agraph 7,e71 z s r$esignat$1 by   
/rik+ & at ! end2 &  7vi7 by ins]t+ aft]
 subp>agraph 7,e71 z s r$esignat$1 !    
foll[+3  7,f7 a requirem5t t ! co/s     
associat$ ) ?ird-p>ty v]ification "u    
p>agraph 7#a77;,c7 %all be cov]$ by !   

entity2 &  2  7#c7 9 subsection 7c77#b71
 9 ! matt] prec$+ subp>agraph 7,a71 by  
/rik+ annually !reaft] & ins]t+         
bi5nially !reaft] until ! date on :i* ! 
f9al p]=mance-bas$ agreem5t "u ?is      
section ends2 &  7#d7 by /rik+          
subsection 7d7 & ins]t+ ! foll[+3  7d7  
,fund+  7#a7 ,9 g5]al ,= ea* fiscal ye> 
dur+ :i* an agreem5t "u ?is section is 9
 effect1 ! ,secret>y may make paym5ts "u
 ?is section f funds appropriat$ to !   
,secret>y = ! r5ewal ( contracts "u !   
program e/abli%$ "u subsection 7a74     
7#b7 ,evaluation & reports ,! ,secret>y 
may use am\nts appropriat$ to c>ry out  
?is section to contract = s]vices to    
p]=m ! program evaluations & produce !  
reports requir$ "u subsection 7c74  7#c7
 ,approval ( utility sav+s ,obligations 
( am\nts available = paym5ts pursuant to
 ?is subsection %all n arise until !    
,secret>y has approv$ ! docum5t$ utility
 sav+s submitt$ by ! entity & v]ifi$ by 
! ?ird p>ty = t annual increm5t &       
det]m9$ t actual sav+s did occur &      

paym5ts may be made4  4  #c4 ,gre5      
retr(it program  7a7 ,def9itions ,9 ?is 
section3 7#a7 ,cov]$ prop]ty ,! t]m     
cov]$ prop]ty means a multifamily       
resid5tial prop]ty receiv+ project-bas$ 
assi/ance "u-- 7,a7 section #bjb ( !    
,h\s+ ,act ( #aiei 7#ab ,u4,s4,c4       
#agjaq72  7,b7 section #haa ( !         
,cran/on-,gonzalez ,national ,af=dable  
,h\s+ ,act 7#db ,u4,s4,c4 #hjac72 or    
7,c7 section #h ( ! ,unit$ ,/ates ,h\s+ 
,act ( #aicg 7#db ,u4,s4,c4 #adcg;f74   
7#b7 ,eligible entity ! t]m eligible    
entity means ! own] ( a cov]$ prop]ty4  
7#c7 ,secret>y ,! t]m ,secret>y means ! 
,secret>y ( ,h\s+ & ,urban ,developm5t4 
7b7 ,e/abli%m5t ,! ,secret>y %all       
e/abli% a program to provide grants or  
loans to eligible entities = ! purpose (
 p]=m+ 9-home heal? & gre5 retr(its to  
cov]$ prop]ties4  7c7 ,purpose ,!       
purpose ( ! program e/abli%$ "u         
subsection 7b7 %all be to1 ) respect to 
a cov]$ prop]ty-- 7#a7 r$uce ! en]gy    
dem&1 wat] consumption1 or gre5h\se gas 

emissions ( ! cov]$ prop]ty2  7#b7      
increase ! adoption ( r5ewable en]gy    
te*nologies1 includ+ en]gy /orage & dem&
 response capable te*nology1 & en]gy    
effici5cy measures 9 ! cov]$ prop]ty2   
7#c7 l[] ! op]at+ co/s ( ! cov]$        
prop]ty2  7#d7 improve ! quality ( life 
( resid5ts ( ! cov]$ prop]ty2  7#e7     
r$uce risks to ! heal? & safety (       
resid5ts ( ! cov]$ prop]ty2 &  7#f7     
r$uce ! ov]all impact on ! environm5t ( 
! cov]$ prop]ty4  7d7 ,equitable        
di/ribution ,9 aw>d+ grants or loans "u 
?is section1 ! ,secret>y %all ensure !  
equitable geographic di/ribution (      
aw>ds4  7e7 ,regulations  7#a7 ,9 g5]al 
,! ,secret>y may promulgate regulations 
to c>ry out ! program e/abli%$ "u       
subsection 7b74  7#b7 ,consultation ,9  
c>ry+ out p>agraph 7#a71 ! ,secret>y    
%all consult ) ! ,secret>y ( ,en]gy1 !  
,adm9i/rator ( ! ,environm5tal          
,protection ,ag5cy1 & ! ,director ( !   
,c5t]s = ,disease ,control & ,prev5tion 
to ! maximum ext5t practicable4