Search Results: keywords:"advanced payments"

  • S. 3924 — To establish limitations on advanced payments for bus rolling stock, and for other purposes.
    Status:Introduced in Senate
    Words:379

    S. 3924, also known as the “Bus Rolling Stock Modernization Act of 2024,” aims to regulate how government funds can be used for advanced payments on bus vehicles. It stipulates that recipients can make such payments without needing pre-approval or a performance bond from the...

    Simple Explanation

    S. 3924 is a proposed law that wants to make sure that when the government buys buses, they can pay part of the money upfront, but only up to 20% of the total price, without needing a special approval or promise from the bus maker.

  • H. R. 6964 — To establish limitations on advanced payments for bus rolling stock, and for other purposes.
    Status:Introduced in House
    Words:338

    H.R. 6964 proposes limitations on advance payments for purchasing bus rolling stock, a kind of public transportation equipment. The bill amends Section 5323 of Title 49, U.S. Code, allowing recipients of certain federal assistance to make advance payments for bus purchases...

    Simple Explanation

    H.R. 6964 is a plan to handle the money used to buy buses better. It says buyers can pay some money upfront for buses, but not more than 20% of the total, and they must have clear, signed agreements first.