Sec. 2. Advanced technology vehicles manufacturing incentive program
393 words·~2 min read·
/bill/114/s/1449/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 136 of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17013 ) is amended— in subsection (a)— in paragraph (1)— by redesignating subparagraphs
(A)through
(C)as clauses
(i)through (iii), respectively, and indenting appropriately; by striking
(1)and all that follows through Advanced technology vehicle .— meets— and inserting the following: The term advanced technology vehicle means— an ultra efficient vehicle; a light duty vehicle that meets— ; in subparagraph (B)(iii) (as so redesignated), by striking the period at the end and inserting ; or ; and by adding at the end the following: a medium-duty or heavy-duty vehicle that— is subject to regulations established by the Secretary of Transportation under parts 523, 534, and 535 of title 49, Code of Federal Regulations (or successor regulations); or is included in a vehicle type or class that offers opportunities to substantially reduce consumption of conventional motor fuel, as determined by the Secretary by rule; and reduces consumption of conventional motor fuel by 10 percent or greater as compared to model year 2010 medium- and heavy-duty vehicles of a similar vehicle type or class, unless the Secretary determines by rule that— the percentage is not achievable for a specific vehicle type or class; and an alternative percentage for that vehicle type or class will result in substantial reductions in motor fuel consumption within the United States. ; and by striking paragraph
(4)and inserting the following: The term qualifying components means components, systems, or groups of subsystems that the Secretary determines— to be designed to improve fuel economy or otherwise substantially reduce consumption of conventional motor fuel; or to contribute measurably to the overall improved fuel use of an advanced technology vehicle. ; in subsection (b), in the matter preceding paragraph (1), by inserting or other vehicle after ultra efficient vehicle ; by striking subsection
(f)and inserting the following: The Secretary shall charge a closing fee of 50 basis points of the loan to cover applicable administrative expenses. Fees collected under paragraph
(1)shall— be deposited by the Secretary into the general fund of the Treasury; and remain available until expended, subject to such other conditions as are contained in annual appropriations Acts. ; and in subsection (h)(1)(B), by striking automobiles, or components of automobiles and inserting automobiles or other vehicles, or components of automobiles or other vehicles .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 2
Advanced technology vehicles manufacturing incentive program
Cites 1Cited by 0 across 0 sources