Bus Rolling Stock Modernization Act of 2024
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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.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 3924: Bus Rolling Stock Modernization Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-3924/
"S. 3924: Bus Rolling Stock Modernization Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-3924/.
S. 3924, 118th Cong. (2026), https://openamerica.io/bill/118-S-3924/.
[S. 3924: Bus Rolling Stock Modernization Act of 2024](https://openamerica.io/bill/118-S-3924/)