Sec. 2304. Repayment requirement
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/bill/116/hr/2/rh/section-2304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A transit agency shall repay into the general fund of the Treasury all funds received from the Federal Transit Administration under the heading Federal Transit Administration, Transit Infrastructure Grants under the CARES Act ( Public Law 116–136 ) if any portion of the funding was used to award a contract or subcontract to an entity for the procurement of rolling stock for use in public transportation if the manufacturer of the rolling stock— is incorporated in or has manufacturing facilities in the United States; and is owned or controlled by, is a subsidiary of, or is otherwise related legally or financially to a corporation based in a country that— is identified as a nonmarket economy country (as defined in section 771(18) of the Tariff Act of 1930 ( 19 U.S.C. 1677(18) )) as of the date of enactment of this subsection; was identified by the United States Trade Representative in the most recent report required by section 182 of the Trade Act of 1974 ( 19 U.S.C. 2242 ) as a priority foreign country under subsection (a)(2) of that section; and is subject to monitoring by the Trade Representative under section 306 of the Trade Act of 1974 ( 19 U.S.C. 2416 ).
Not later than 60 days after the date of enactment of this section, a transit agency that received funds pursuant to the CARES Act ( Public Law 116–136 ) shall certify that the agency has not and shall not use such funds to purchase rolling stock described in subsection (a). Repayment shall also be required for any such agency that fails to certify in accordance with the preceding sentence.
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