Sec. 4. Air Quality Restoration Trust Fund
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/bill/114/s/2603/is/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a trust fund to be known as the Air Quality Restoration Trust Fund (referred to in this section as the Trust Fund ), consisting of— such amounts as are deposited in the Trust Fund under subsection (b); and any interest on, and proceeds from, any investment made under subsection (d). The Secretary shall deposit in the Trust Fund an amount equal to all administrative and civil penalties or other payments paid to the Federal Government after the date of enactment of this Act in connection with any violation or alleged violation of title II of the Clean Air Act ( 42 U.S.C. 7521 et seq. ).
Amounts in the Trust Fund shall— be available for expenditure to the extent and in the amounts provided in advance by appropriation Acts solely for making expenditures under subsection (f); and remain available until expended, without fiscal year limitation. Amounts in the Trust Fund shall be invested in accordance with section 9702 of title 31, United States Code. Not later than 180 days after the date of enactment of this Act, after providing notice and an opportunity for public comment, the Secretary, in consultation with the Administrator and the heads of any other relevant Federal agency, shall establish such procedures as the Secretary determines to be necessary to deposit amounts in, and expend amounts from, the Trust Fund pursuant to this section, including— procedures to assess whether a project carried out under subsection
(f)achieves compliance with applicable requirements, including procedures by which the Secretary may determine whether an expenditure pursuant to the project achieves compliance; auditing requirements to ensure that amounts in the Trust Fund are expended as intended; and procedures for identification and allocation of funds available to the Secretary under other provisions of law that may be necessary to pay the administrative expenses directly attributable to the management of the Trust Fund. Amounts from the Trust Fund shall be available solely for making grants to eligible applicants to support projects that— increase qualified electric drive vehicle infrastructure; retrofit school buses or heavy-duty fleets to reduce air emissions significantly; purchase hybrid or zero emissions school buses or heavy-duty vehicles; purchase electric drive vehicles for municipal fleets; provide public health grants to help track, treat, and reduce the number of air emissions-related illnesses, such as asthma, cardiovascular disease, and lung cancer; or provide grants for projects to improve air quality in low-income communities.
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Sec. 4
Air Quality Restoration Trust Fund
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