Test Drive Our New Site! We have some improvements in the works that we're excited for you to experience. Click here to try our new, faster, mobile friendly beta site. We will be maintaining our current version of the site thru the end of 2024, so you can switch back as our improvements continue.
Legislation Quick Search
Advanced Search
Pennsylvania House of Representatives
04/18/2024 06:49 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=24123
Share:
Home / House Co-Sponsorship Memoranda

House Co-Sponsorship Memoranda

Subscribe to PaLegis Notifications
NEW!

Subscribe to receive notifications of new Co-Sponsorship Memos circulated

By Member | By Date | Keyword Search


House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: June 12, 2017 10:06 AM
From: Representative Jason Ortitay
To: All House members
Subject: School District Debt Refinancing Bonds Legislation
 
As you are likely aware, Act 25 of 2016 established a new article in the Fiscal Code requiring funds to be acquired from an appropriation-backed bond issue through the Commonwealth Financing Authority in order to provide reimbursements to school districts with projects already in the PlanCon process. Language in the Fiscal Code further provides that these districts with projects in the process are eligible for reimbursement payments under the article, as long as they have voted to proceed with construction and awarded bids on their construction contracts by July 1, 2019. My legislation simply will change this deadline to July 1, 2022 to ensure that those school districts, which have projects currently in the PlanCon process but may not be due to bid out the construction contracts prior to this deadline, can still receive these payments.

I hope you will join me in co-sponsoring this legislation.

View Attachment

Introduced as HB1586