S0711B1460A04188     JLW:EAZ  10/03/09     #90        A04188

  

  

  

  

AMENDMENTS TO SENATE BILL NO. 711

Printer's No. 1460

  

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Amend Bill, page 159, line 9, by inserting after "(ii)(D)"

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, (iii)(F)

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Amend Bill, page 166, by inserting between lines 27 and 28

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(iii)  If the facility is a Category 2 licensed

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facility and if the county in which the licensed facility

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is located is:

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(F)  Counties of the fifth class:  2% of the

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gross terminal revenue from each such licensed

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facility shall be deposited and distributed as

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follows:

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(I)  One percent shall be deposited into a

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restricted receipts account in the Department of

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Community and Economic Development to be used

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exclusively for grants within the county for

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economic development projects, infrastructure, 

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community improvement projects and other projects

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in the public interest within the county. The

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amount under this subclause includes reasonable

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administrative costs.

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(II)  One percent shall be deposited into a

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restricted receipts account in the Department of

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Community and Economic Development to be used

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exclusively for grants within eligible contiguous

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counties for economic development projects,

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community improvement projects and other projects

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in the public interest within contiguous

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counties, subject, however, to the limitation in

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this subclause. No eligible contiguous county

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shall receive grants under this subclause that

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exceed, in the aggregate, $1,000,000 in any one

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year. If, after awarding all grants to all

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eligible contiguous counties in any one year,

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there is a balance in the restricted receipts

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account, the balance shall be awarded as grants

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for infrastructure projects located within the

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county in which the licensed facility is located.

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The amount under this subclause includes

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reasonable administrative costs. For the purposes

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of this subclause, the term "eligible contiguous

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county" shall not include a county which is

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receiving a distribution under subsection (c)(2)

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(i).

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(III)  Fifty percent of any revenue required

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to be transferred under paragraph (3)(v) shall be

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deposited into the restricted receipts account

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established under subclause (I), and 50% shall be

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deposited into the restricted receipt account

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established under subclause (II). Notwithstanding

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the Capital Facilities Debt Enabling Act, grants

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made under this clause may be utilized as local

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matching funds for other grants or loans from the

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Commonwealth.

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