Sec. 5. Applications
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/bill/116/hr/8447/ih/section-5A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An eligible entity desiring a covered loan shall submit to the Secretary an application that— includes an implementation plan for use of the covered loan; estimates the amounts the eligible entity will save on fuel and maintenance costs due to the covered loan; and provides reasonable assurance that the eligible entity will make all payments on the covered loan. The Secretary shall establish a procedure under which an eligible entity that submits an application for a grant under section 5339 of title 49, United States Code, may amend the application to also be considered for a covered loan under this Act without having to submit a separate application under this section.
Not later than 1 year after the date of enactment of this Act, the Secretary of Energy, in consultation with the Secretary of Transportation, shall develop and publish on the website of the Department of Energy guidance on best practices for transit districts to enter into innovative relationships with public utilities and bus manufacturers to incorporate into operations and financing of electric or fuel cell buses and infrastructure— secondary use or recycling of the battery; vehicle-to-grid integration; charging infrastructure cost shares; or battery performance guarantees.