Sec. 2. Reauthorization of budget-neutral demonstration program
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Section 81001 of the FAST Act ( 42 U.S.C. 12712 note; Public Law 114–94 ) is amended— in subsection (a), in the matter preceding paragraph (1)— by striking 2016 through 2019 and inserting 2022 through 2027 ; by striking costs and inserting burdens and greenhouse gas emissions ; and by striking 20,000 and inserting 35,000 ; in subsection (b)— in paragraph (1)— by striking an energy or water cost savings is and inserting energy or water costs savings are ; in subparagraph (C)(iv), by striking determination of savings to the Secretary and inserting validation of subsidy amounts from the Department of Housing and Urban Development required to support actual utility costs ; and by striking the undesignated matter following subparagraph (C); and in paragraph (2)— by redesignating subparagraphs (B), (C), (D), and
(E)as subparagraphs (C), (D), (E), and (G), respectively; in subparagraph (A), by striking effect and during and inserting “effect; the period during ; in subparagraph (B), as so designated, by striking 12 years and inserting 15 years ; in subparagraph (D), as so redesignated, by inserting property or before properties ; in subparagraph (E), as so redesignated, by striking and at the end; and by inserting after subparagraph (E), as so redesignated, the following: a requirement that the costs associated with third-party verification under paragraph (1)(C) shall be covered by the entity; and ; in subsection (c)(2), in the matter preceding subparagraph (A), by striking annually thereafter and inserting biennially thereafter until the date on which the final performance-based agreement under this section ends ; and by striking subsection
(d)and inserting the following: For each fiscal year during which an agreement under this section is in effect, the Secretary may make payments under this section from funds appropriated to the Secretary for the renewal of contracts under the program established under subsection (a). The Secretary may use amounts appropriated to carry out this section to contract for services to perform the program evaluations and produce the reports required under subsection (c). Obligations of amounts available for payments pursuant to this subsection shall not arise until the Secretary has approved the documented utility savings submitted by the entity and verified by the third party for that annual increment and determined that actual savings did occur and payments may be made. .
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