United States · Bill · S
S. 3924 (118th)
Bus Rolling Stock Modernization Act of 2024
Introduced
12 March 2024
Last action
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Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
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Subjects
Discovery layer
Source updated
29 July 2025
Summary
Bus Rolling Stock Modernization Act of 2024 This bill allows a state or local authority (e.g., a transit authority) to use public transportation grants to make a partial advance payment for bus rolling stock (e.g., transit buses). Specifically, a public transportation grant recipient may use grant funds to make an advance payment of not more than 20% of the total purchase order value of a bus rolling stock vehicle without obtaining preapproval or requiring the vehicle manufacturer to provide a performance bond (or other form of security). In order to make an advance payment, the recipient must meet certain requirements. For example, the recipient must have a signed purchase order and an executed contract with a vehicle manufacturer that includes advance payment provisions.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 12 March 2024
Introduced in Senate (PDF)
Introduced in Senate · EN · 12 March 2024
Introduced in Senate
summary · EN · 12 March 2024
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/118th-congress/senate-bill/3924
- Open data entity: https://api.congress.gov/v3/bill/118/s/3924