Sec. 202. State-based cost mitigation grant program
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/bill/117/s/2085/is/section-202A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary of the Treasury shall provide to each State and each eligible Indian tribe that meets the requirements of subsection
(d)a cost mitigation grant for each calendar year after 2022 in an amount determined under subsection (c). A State or eligible Indian tribe receiving a cost mitigation grant under this section shall use the grant to assist with the transition to a low-carbon economy, including— to assist low-income households in reducing energy expenses and meeting cost increases attributable to the fees imposed under subchapter E of chapter 38 of the Internal Revenue Code of 1986 (as added by this Act), including though weatherization and energy efficiency programs; to assist rural households in reducing energy expenses and meeting such increases attributable to such fees, including though weatherization and energy efficiency programs; to provide job training and worker transition assistance, with priority given to workers and former workers in fossil-fuel related industries; to assist the State or eligible Indian tribe in dealing with climate change or the transition to a low-carbon economy; or to address the legacy costs of fossil fuel development. The amount of the cost mitigation grant made to any State for any calendar year shall be equal to the product of— an amount equal to— the annual grant limitation determined under paragraph
(4)for such calendar year; minus 3 percent of the amount described in clause (i); and the State allocation percentage for the State (determined under paragraph (2)). The State allocation percentage for a State is the amount (expressed as a percentage) equal to the quotient of— the population of such State (as reported in the most recent decennial census); and the population of all States (as reported in the most recent decennial census). The amount of the cost mitigation grant made to any eligible Indian tribe for any calendar year shall be an amount equal to the quotient of— 3 percent of the annual grant limitation determined under paragraph
(4)for such calendar year; divided by the total number of eligible Indian tribes that have applied for a grant for such calendar year and satisfy the requirements under subsection (d). The annual grant limitation is $10,000,000,000. In the case of any calendar year after 2023, the $10,000,000,000 amount in subparagraph
(A)shall be increased by an amount equal to— such dollar amount; multiplied by the percentage (if any) by which— the CPI for the preceding calendar year; exceeds the CPI for calendar year 2022. Rules similar to the rules of paragraphs
(4)and
(5)of section 1(f) of the Internal Revenue Code of 1986 shall apply for purposes of this subparagraph. In any case in which one or more States do not meet the requirements described in subsection
(d)for a calendar year, an amount equal to the State allocation percentage for such State or States shall be distributed to each State which did meet such conditions in an amount equal to the product of— such amount; and the State allocation percentage of such State (determined by not taking into account under paragraph (2)(B) the population of any State which did not meet the requirements of subsection
(d)for such calendar year). A State or eligible Indian tribe is eligible to receive a cost mitigation grant for any calendar year if— the chief executive officer of the State or eligible Indian tribe certifies that the State or eligible Indian tribe will use such grant in a manner consistent with subsection (b); the State or eligible Indian tribe has filed with the Secretary of the Treasury a plan covering the calendar year which details the use of the funds received under the grant; the State or eligible Indian tribe agrees to comply with any audit requirements under subsection (e); and the State or eligible Indian tribe has complied with the requirements of this section for all preceding years or the State or eligible Indian tribe has remedied all prior noncompliance to the satisfaction of the Secretary of the Treasury. The Secretary of the Treasury shall audit the State or eligible Indian tribe use of grants under this section to ensure such uses comply with the requirements of this section and with the uses identified by the State or eligible Indian tribe under subsection (d)(2). The Secretary may withhold a grant under this section if the Secretary determines that a State or eligible Indian tribe has not complied with such requirements. For purposes of this section— The term State includes the District of Columbia, the Commonwealth of Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, and the United States Virgin Islands. The term eligible Indian tribe means has the same meaning given the term tribe in section 151.2(b) of title 25, Code of Federal Regulations. For any fiscal year, there is hereby appropriated an amount equal to the annual grant limitation determined under subsection (c)(3) for the calendar year in which such fiscal year begins.