Half the money must be committed by 2028 and all of it by 2029
What the document says“Not less than 50 percent of the total funds in subsection (a) shall be obligated not later than September 30, 2028.”
The section requires at least 50 percent of the appropriated funds to be obligated by September 30, 2028, all of them to be obligated by September 30, 2029, and all associated outlays to occur by September 30, 2034.
What the document actually says“Not less than 50 percent of the total funds in subsection (a) shall be obligated not later than September 30, 2028.”
At least half the money must be committed by September 30, 2028. That is half of the whole sum.
All of it must be committed by September 30, 2029. The last of it must be paid out by September 30, 2034. Those dates are fixed in the law.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.