Provides for administration of certain funds for zero-emission school buses and supporting infrastructure

S 5408 authorizes NYSERDA to distribute $500 million for zero-emission school buses and supporting infrastructure, requiring contractors (like dealers, manufacturers, and retrofit companies) to submit a "New York jobs plan" detailing job creation, wages, benefits, and environmental commitments. The jobs plan must include specifics on hiring displaced workers, creating jobs in disadvantaged communities, using recycled materials, and responsibly sourcing minerals like lithium and cobalt. Incentive amounts for bus purchases or conversions are determined by the jobs plan, with higher payments for meeting goals related to job quality and community benefits. This directly affects school districts purchasing buses, contractors, and their suppliers.