(3) LIST
OF
PROJECTS.—Each State shall, 
after notice and opportunity for public comment, 
publish and periodically update a list of projects in 
the State that are eligible for assistance under this 
section, including the priority assigned to each 
project and, to the maximum extent practicable, the 
expected funding schedule for each project and, if 
possible, an estimate of expected reductions in 
greenhouse gas emissions for the project. 
(d) FUND MANAGEMENT.— 
(1) IN GENERAL.—Each State loan fund under 
this section shall be established, maintained, and 
credited with repayments and interest and the fund 
corpus shall be available in perpetuity in accordance 
with this section. 
(2) INVESTMENT AUTHORIZED.—To the extent 
amounts in the fund are not required for current ob-
ligation or expenditure, the amounts shall be in-
vested in interest bearing obligations. 
(e) STATE
CONTRIBUTIONS.—Each capitalization 
agreement entered into pursuant to this section shall re-
quire that the State deposit in the State loan fund from 
State moneys an amount equal to not less than 20 percent 
of the total amount of the grant to be made to the State 
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on or before the date on which the grant payment is made 
to the State. 
(f) ADMINISTRATION OF STATE LOAN FUND.— 
(1) IN
GENERAL.—Each State may annually 
use not greater than 4 percent of the funds allotted 
to the State under this section to cover the reason-
able costs of administration of the programs under 
this section, including the recovery of reasonable 
costs expended to establish a State loan fund that 
are incurred after the date of enactment of this Act. 
(2) GUIDANCE
AND
REGULATIONS.—The Ad-
ministrator shall issue guidance and promulgate reg-
ulations as are necessary to carry out this section, 
including guidance and regulations— 
(A) to ensure that each State commits and 
expends funds allotted to the State under this 
section as efficiently as practicable in accord-
ance with this section and applicable State law; 
(B) to prevent waste, fraud, and abuse; 
and 
(C) to ensure that the States receiving 
grants under this section use accounting, audit, 
and fiscal procedures that conform to generally 
accepted accounting standards. 
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(3) STATE REPORT.—Each State administering 
a State loan fund under this section shall submit to 
the Administrator a report every 2 years on the ac-
tivities carried out under this section, including the 
findings of the most recent audit of the fund and the 
entire State allotment. 
(4) AUDITS.—The Administrator shall periodi-
cally audit all State loan funds established by, and 
all other amounts allotted to, the States pursuant to 
this section in accordance with procedures estab-
lished by the Comptroller General of the United 
States. 
(g) APPLICABILITY OF FEDERAL LAW.— 
(1) IN GENERAL.—The Administrator shall en-
sure that all laborers and mechanics employed on 
projects funded directly, or assisted in whole or in 
part, by this Act and contributed to a State loan 
fund established by this Act shall be paid wages at 
rates not less than those prevailing on projects of a 
character similar in the locality as determined by the 
Secretary of Labor in accordance with subchapter 
IV of chapter 31 of part A of subtitle II of title 40, 
United States Code. 
(2) AUTHORITY.—With respect to the labor 
standards specified in paragraph (1), the Secretary 
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of Labor shall have the authority and functions set 
forth in Reorganization Plan Numbered 14 of 1950 
(64 Stat. 1267; 5 U.S.C. App.) and section 3145 of 
title 40, United States Code. 
SEC. 4. AUTHORIZATION OF APPROPRIATIONS. 
(a) IN GENERAL.—There are authorized to be appro-
priated to carry out this Act such sums as are necessary 
for each of fiscal years 2014 through 2024. 
(b) LIMITATION.—Only sums appropriated pursuant 
to subsection (a) may be used to carry out this Act. 
Æ 
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