Sec. 3006. General provisions

306 words·~1 min read·/bill/113/hr/4834/ih/section-3006

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Section 5323 is amended— In subsection (i), by redesignating paragraphs

(1)and

(2)as

(2)and (3), respectively and inserting a new paragraph

(1)to read as follows: A grant for the acquisition of a base-model bus for use in public transportation may be up to 85 percent of the net project cost. ; in subsection (j)— by revising paragraph (2)(C) to read as follows: When procuring rolling stock (including train control, communication, traction power equipment, and rolling stock prototypes) under this chapter— the cost of components and subcomponents produced in the United States— for fiscal year 2015 is more than 60 percent of the cost of all components of the rolling stock; for fiscal year 2016 is more than 70 percent of the cost of all components of the rolling stock; for fiscal year 2017 is more than 80 percent of the cost of all components of the rolling stock; and for fiscal year 2018 is more than 90 percent of the cost of all components of the rolling stock; and final assembly of the rolling stock, including rolling stock prototypes, has occurred in the United States; or ; by redesignating paragraphs

(3)through

(9)as paragraphs

(4)through (10), respectively; and by inserting a new paragraph

(3)following paragraph (2), to read as follows: Beginning in fiscal year 2019, when procuring rolling stock, including rolling stock prototypes, the cost of the components and subcomponents produced in the United States shall be 100 percent and final assembly shall occur in the United States. ; and by inserting a new subsection at the end to read as follows: Notwithstanding any other provision of law, a recipient of assistance under this chapter may use the revenue generated from value capture financing mechanisms as local matching funds for capital projects and operating costs eligible under this chapter. .