,,ii  #aai? ,,congress  #b;d ,session   
,s4 #eeec  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #bd1         
#bjbf,mr4 ,book] introduc$ ! foll[+     
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 provide = an increase 9 h\s+ bonds &   
h\s+ cr$it allocation = transit ori5t$  
developm5ts1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,transit-,ori5t$ ,h\s+ ,developm5t ,act 
( #bjbf4  #b4 ,increase & set aside =   
h\s+ bonds = transit ori5t$ developm5ts 
7a7 ,9 g5]al ,p>agraph 7#e7 ( section   
#adf7;d7 ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ to read z foll[s3  7#e7  
,increase & set aside = c]ta9 h\s+ bonds
  7,a7 ,9 g5]al ,9 ! case ( cal5d> ye>s 
beg9n+ aft] #bjbe1 ! ,/ate ceil+ = ea*  
,/ate %all be increas$ by #cj p]c5t4    
7,b7 ,set aside  7i7 ,9 g5]al ,any am\nt
 ( ! ,/ate ceil+ = any ,/ate :i* is     
attributable to an increase "u ?is      
p>agraph %all be allocat$ solely = "o or

 m qualifi$ h\s+ issues4  7ii7 ,qualifi$
 h\s+ issue  7,i7 ,9 g5]al ,= purposes (
 ?is p>agraph1 ! t]m qualifi$ h\s+ issue
 means an issue #ie p]c5t or m ( ! net  
proce$s ( :i* are to be us$ to provide  
projects = resid5tial r5tal prop]ty 7)9 
! mean+ ( section #adb7;d77#a771 if ea* 
qualifi$ resid5tial r5tal project )     
respect to su* issue-- 7aa7 is locat$ )9
 a transit hub1  7bb7 is occupi$ solely 
by individuals ^: income is #abj p]c5t  
or less ( area m$ian gross income 7z    
det]m9$ "u section                      
#adb7;d77#b77;,b77i771 &  7cc7 meets !  
requirem5ts ( subclause 7,,ii74  7,,ii7 
,additional requirem5ts ,a qualifi$     
resid5tial r5tal project meets !        
requirem5ts ( ?is subclause if-- 7aa7   
#bj p]c5t or m ( ! resid5tial units 9   
su* project are bo? r5t-re/rict$ 7z     
det]m9$ pursuant to rules simil> to !   
rules "u section #db7;g77#b77 & occupi$ 
by individuals ^: income is #ej p]c5t or
 less ( area m$ian gross income 7z      
det]m9$ "u section                      

#adb7;d77#b77;,b77i771 &  7bb7 #aj p]c5t
 or m ( ! resid5tial units 9 su* project
 are bo? r5t-re/rict$ 7z det]m9$        
pursuant to rules simil> to ! rules "u  
section #db7;g77#b77 & occupi$ by       
individuals ^: income does n exce$ !    
high] (-- 7,,aa7 ! pov]ty guidel9es     
updat$ p]iodically by ! ,dep>tm5t (     
,heal? & ,human ,s]vices "u ! au?ority (
 section #fgc7b7 ( ! ,community ,s]vices
 ,block ,grant ,act applicable to a     
family ( ! size involv$ 7except t ?is   
clause %all n apply 9 ! case ( public   
h\s+ ag5cies or projects locat$ 9 ,pu]to
 ,rico or any o!r t]ritory or possession
 ( ! ,unit$ ,/ates71 or 7,,bb7 an am\nt 
equal to #cj p]c5t or less ( area m$ian 
gross income 7z det]m9$ "u section      
#adb7;d77#b77;,b77i774  7iii7 ,transit  
hub ,= purposes ( clause 7ii77,i77aa71 !
 t]m transit hub means an area su* t any
 po9t 9 su* area is n m ?an #a_/b mile f
 a fix$ guideway public transportation  
/ation1 int]city bus /ation1 int]city   
bus /op1 or int]city pass5g] rail       

/ation4  4  7b7 ,effective date ,!      
am5dm5t made by ?is section %all apply  
to bonds issu$ aft] ,decemb] #ca1 #bjbe4
  #c4 ,increase 9 cr$it = transit ori5t$
 developm5ts  7a7 ,9 g5]al ,p>agraph    
7#e7 ( section #db7;d7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new subp>agraph3  7,c7
 ,increase 9 cr$it = transit ori5t$     
developm5ts  7i7 ,9 g5]al ,9 ! case (   
any build+ describ$ 9 clause 7iii7--    
7,i7 9 ! case ( a new build+1 ! eligible
 basis ( su* build+ %all be #aej p]c5t (
 su* basis det]m9$ )\t reg>d to ?is     
subp>agraph1 &  7,,ii7 9 ! case ( an    
exi/+ build+1 ! rehabilitation          
exp5ditures tak5 into acc\nt "u         
subsection 7e7 %all be #aej p]c5t ( su* 
exp5ditures det]m9$ )\t reg>d to ?is    
subp>agraph4  7ii7 ,increase = projects 
meet+ prevail+ wage /&>ds ,9 ! case (   
any build+ describ$ 9 clause 7iii7 :i*  
pays work]s employ$ 9 ! con/ruction (   
su* build+ a wage n less ?an ! prevail+ 
wage = employm5t ( a simil> "* 9 !      

locality 9 :i* su* build+ is locat$1 z  
mo/ rec5tly det]m9$ by ! ,secret>y (    
,labor 9 accordance ) sub*apt] ,,iv (   
*apt] #ca ( title #dj1 ,unit$ ,/ates    
,code1 clause 7i7 %all be appli$ by     
sub/itut+ #bjj p]c5t = #aej p]c5t4      
7iii7 ,build+s describ$ ,= purposes (   
?is subp>agraph1 a build+ is describ$ 9 
?is clause if #be p]c5t or m ( !        
aggregate basis ( su* build+ & ! l& on  
:i* ! build+ is locat$ is f9anc$ by an  
obligation describ$ 9 subsection        
7h77#d77;,a7 :i* is a qualifi$ h\s+     
issue z def9$ 9 section                 
#adf7;d77#e77;,b77ii74  4  7b7          
,effective date ,! am5dm5t made by ?is  
section %all apply to build+s f9anc$ by 
bonds issu$ aft] ,decemb] #ca1 #bjbe4   
#d4 ,h\s+ tru/ fund ,section #acch7;a7 (
 ! ,f$]al ,h\s+ ,ent]prises ,f9ancial   
,safety & ,s\ndness ,act ( #aiib 7#ab   
,u4,s4,c4 #defh7;a77 is am5d$ by add+ at
 ! end ! foll[+3  7#c7 ,appropriations =
 projects )9 transit hub  7,a7 ,9 g5]al 
,!re is appropriat$ to ! ,h\s+ ,tru/    

,fund1 out ( am\nts 9 ! ,treasury n     
o!rwise appropriat$1 #cj1jjj1jjj1jjj =  
ea* ( fiscal ye>s #bjbf ?r\gh #bjce4    
7,b7 ,priority to projects locat$ )9    
transit hub ,am\nts allocat$ to a ,/ate 
pursuant to ?is section %all be         
di/ribut$ 9 a mann] :i* gives priority  
to projects locat$ )9 a transit hub 7z  
def9$ 9 section #adf7;d77#e77;,b77iii7 (
 ! ,int]nal ,rev5ue ,code ( #aihf74     
7,c7 ,waiv] ,! deadl9e "u subsection    
7c77#aj77;,b7 %all n apply to funds     
appropriat$ "u subp>agraph 7,a74  4