,,ii  #aah? ,,congress  #b;d ,session   
,s4 #cibd  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ab1 #bjbd,ms4    
,smi? 7= h]self1 ,mr4 ,cram]1 ,mr4      
,fett]man1 & ,mrs4 ,britt7 introduc$ !  
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,to e/abli% 
limitations on advanc$ paym5ts = bus    
roll+ /ock1 & = o!r purposes4  #a4 ,%ort
 title ,?is ,act may be cit$ z ! ,bus   
,roll+ ,/ock ,mod]nization ,act ( #bjbd4
  #b4 ,limitations on advanc$ paym5ts = 
bus roll+ /ock ,section #ecbc ( title   
#di1 ,unit$ ,/ates ,code1 is am5d$ by   
add+ at ! end ! foll[+3  7w7            
,limitations on advanc$ paym5ts = bus   
roll+ /ock  7#a7 ,9 g5]al ,not)/&+ any  
provision ( ?is *apt] or "p #bjj ( title
 #b1 ,code ( ,f$]al ,regulations1 or any
 successor regulation1 a recipi5t may   
use assi/ance made available "u ?is     
*apt] to make an advance paym5t on a bus
 roll+ /ock vehicle )\t ! recipi5t      
obta9+ pre-approval or requir+ a        

p]=mance bond or o!r =m ( security f !  
transit vehicle manufactur]4  7#b7      
,limitations ,a recipi5t mak+ an advance
 paym5t "u p>agraph 7#a7-- 7,a7 %all h--
 7i7 a sign$ pur*ase ord] & execut$     
contract ) a transit vehicle manufactur]
 t includes advance paym5t provisions2  
7ii7 preaw>d au?ority2 &  7iii7 met !   
requirem5ts "u subsection 7m7 & section 
#ecah7;e7 ( ?is title2 &  7,b7 %all n   
provide an advanc$ paym5t t is m ?an #bj
 p]c5t ( ! total pur*ase ord] value4  4