H2124B3481A06875 DMS:AMY 05/01/14 #90 A06875

 

 

 

 

AMENDMENTS TO HOUSE BILL NO. 2124

Sponsor: REPRESENTATIVE SANTARSIERO

Printer's No. 3481

 

1Amend Bill, page 1, line 10, by inserting after "projects;"

2 providing for interest on delayed reimbursements;

3Amend Bill, page 1, line 11, by striking out "and,"

4Amend Bill, page 8, line 15, by striking out "thirty (30)"
5and inserting

6 twenty (20)

7Amend Bill, page 8, line 17, by striking out "thirty (30)"
8and inserting

9 twenty (20)

10Amend Bill, page 8, line 17, by striking out "thirty (30) 
11year" and inserting

12 twenty (20) year

13Amend Bill, page 8, lines 26 and 27, by striking out ", flood 
14or an extraordinary and unanticipated increase in student 
15enrollment" and inserting

16 or flood

17Amend Bill, page 9, line 25, by striking out "initial"

18Amend Bill, page 9, line 30, by striking out "initial"

19Amend Bill, page 11, by inserting between lines 20 and 21

20Section 4. The act is amended by adding a section to read:

21Section 732.2. Interest on Delayed Reimbursement.--(a) Each
22school district which has satisfactorily met all construction or
23reconstruction reimbursement requirements established by this
24act, 22 Pa. Code (relating to education) and the Department of
25Education, has submitted all appropriate documentation to the

1Department of Education necessary to receive approval for
2reimbursement for a school construction or reconstruction
3project and has not been approved for reimbursement after a
4period of one (1) year following the last date of submission of
5required documentation shall be eligible to receive interest on
6the delayed reimbursement.

7(b) The interest on delayed reimbursement shall be an amount
8equal to the prime rate of interest, as listed in the first
9edition of the Wall Street Journal published in the year,
10multiplied by the total amount of construction or reconstruction
11reimbursement for which the school district is eligible under
12Article XXV of this act but has not received, calculated for
13each year in which the school district does not receive
14reimbursement.

15(c) Interest payments on delayed reimbursement shall be
16included in those payments made to a school district for
17Commonwealth reimbursement of a construction or reconstruction
18project when such payments commence.

19Amend Bill, page 12, line 15, by striking out "4" and 
20inserting

21 5

22Amend Bill, page 12, lines 25 through 29, by striking out all
23of said lines and inserting

24Section 6. Section 2574(b.1), (c.4) and (c.6) of the act,
25amended or added July 13, 2005 (P.L.226, No.46) and July 11,
262006 (P.L.1092, No.114), are repealed:

27Amend Bill, page 13, lines 3 through 30; page 14, lines 1
28through 30; page 15, lines 1 through 27, by striking out all of
29said lines on said pages

30Amend Bill, page 16, lines 17 through 30; pages 17 through
3119, lines 1 through 30; page 20, lines 1 through 7, by striking
32out all of said lines on said pages

33Amend Bill, page 21, lines 19 through 23, by striking out all
34of said lines

35Amend Bill, page 21, line 26, by striking out "6" and 
36inserting

37 7

1Amend Bill, page 21, lines 27 and 28, by striking out "and 
2the section is amended by adding a subsection"

3Amend Bill, page 22, line 1, by striking out "(1)"

4Amend Bill, page 22, line 12, by inserting a bracket before
5"capital"

6Amend Bill, page 22, line 13, by inserting a bracket after
7"or" where it occurs the second time

8Amend Bill, page 22, line 14, by inserting a bracket before
9"whichever"

10Amend Bill, page 22, line 14, by inserting a bracket after
11"larger"

12Amend Bill, page 22, lines 16 through 30; page 23, lines 1
13through 7, by striking out all of said lines on said pages

14Amend Bill, page 23, line 9, by striking out "7" and 
15inserting

16 8

17Amend Bill, page 23, line 12, by striking out "(1)"

18Amend Bill, page 23, line 17, by inserting a bracket before
19"capital"

20Amend Bill, page 23, line 18, by inserting a bracket after
21"or"

22Amend Bill, page 23, line 18, by inserting a bracket before
23"whichever"

24Amend Bill, page 23, line 18, by inserting a bracket after
25"larger"

26Amend Bill, page 23, lines 20 through 30; page 24, lines 1
 

1through 6, by striking out all of said lines on said pages

2Amend Bill, page 24, line 7, by striking out "(1)"

3Amend Bill, page 24, line 11, by inserting a bracket before
4"capital"

5Amend Bill, page 24, line 12, by inserting a bracket after
6"or" where it occurs the second time

7Amend Bill, page 24, line 13, by inserting a bracket before
8"whichever"

9Amend Bill, page 24, line 13, by inserting a bracket after
10"larger"

11Amend Bill, page 24, lines 15 through 30, by striking out all
12of said lines

13Amend Bill, page 25, line 5, by striking out "8" and 
14inserting

15 9

16Amend Bill, page 25, line 11, by inserting after "project"

17 that has received all required approvals from the department
18for Commonwealth reimbursement

19Amend Bill, page 25, line 14, by striking out "no greater 
20than" and inserting

21 equal to

22Amend Bill, page 25, lines 20 through 30; page 26, lines 1
23through 9, by striking out all of said lines on said pages

24Amend Bill, page 26, line 10, by striking out "(e)" and 
25inserting

26 (b)

27Amend Bill, page 26, line 22, by striking out all of said
28line and inserting

1Section 10. For the 2014-2015 fiscal year the General
2Assembly shall appropriate not less than $396,198,000 to the
3Authority Rentals and Sinking Fund Requirements line item in the
4General Appropriation Act.

5Section 11. This act shall take effect as follows:

6(1) The addition of section 731.2(d), (e), (f) and (g)
7of the act shall take effect July 1, 2015.

8(2) The remainder of this act shall take effect
9immediately.

 

See A06875 in
the context
of HB2124