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.