S0835B1144A06275 NAD:JMT 06/18/20 #90 A06275
AMENDMENTS TO SENATE BILL NO. 835
Sponsor: SENATOR PHILLIPS-HILL
Printer's No. 1144
Amend Bill, page 1, lines 3 and 4, by striking out
"Department of" in line 3 and all of line 4 and inserting
Commonwealth Financing Authority; establishing the Unserved
High-speed Broadband Funding Program Account; making an
appropriation; and making a related repeal.
Amend Bill, page 2, lines 15 and 16, by striking out all of
said lines and inserting
"Account." The Unserved High-speed Broadband Funding Program
Account established under section 7(c).
"Authority." The Commonwealth Financing Authority.
"Board." The board of directors of the authority.
Amend Bill, page 3, line 10, by striking out "(a) Program
established.--"
Amend Bill, page 3, lines 11 through 13, by striking out
"department, in" in line 11, all of line 12 and "Initiatives,"
in line 13 and inserting
authority
Amend Bill, page 3, lines 16 and 17, by striking out all of
said lines
Amend Bill, page 3, lines 20 and 21, by striking out
"department, in consultation with the Governor's Office of
Broadband Initiatives," and inserting
authority
Amend Bill, page 3, line 22, by striking out "department" and
inserting
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authority
Amend Bill, page 4, line 15, by striking out "department" and
inserting
authority
Amend Bill, page 4, lines 21 through 23, by striking out all
of lines 21 and 22 and "Initiatives" in line 23 and inserting
the authority
Amend Bill, page 5, line 30, by striking out "department" and
inserting
authority
Amend Bill, page 6, line 2, by striking out "department" and
inserting
authority
Amend Bill, page 6, line 3, by striking out "department's"
and inserting
authority's
Amend Bill, page 6, line 5, by striking out "department" and
inserting
authority
Amend Bill, page 6, line 6, by striking out "department's"
and inserting
authority's publicly accessible
Amend Bill, page 6, line 11, by striking out "department" and
inserting
authority
Amend Bill, page 6, lines 20 and 21, by striking out
"department, in consultation with the Governor's Office of
Broadband Initiatives," and inserting
authority
Amend Bill, page 6, line 24, by striking out "department" and
inserting
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authority
Amend Bill, page 6, line 28, by striking out "department" and
inserting
authority
Amend Bill, page 7, lines 25 and 26, by striking out
"department, in consultation" in line 25 and all of line 26 and
inserting
authority
Amend Bill, page 7, line 30, by striking out "department" and
inserting
authority
Amend Bill, page 8, lines 9 through 15, by striking out all
of said lines and inserting
(a) Requirements.--The following apply:
(1) The requirements for the administration of the
program shall be as follows:
(i) An application for a grant under this section
must be received by a deadline established by the
authority under section 6.
(ii) The authority shall execute a grant agreement
between the board and a grant recipient before the
payment of a grant award.
(iii) A grant recipient shall maintain full and
accurate records for the project.
(iv) A grant recipient shall submit to the authority
copies of all canceled checks or other records verifying
expenditures of grant money.
(v) A grant recipient shall submit to the authority
a final report of the project, including any information
as required by the board.
(2) The authority may establish additional requirements
for the program as the authority deems necessary to
administer the program.
(b) Restrictions and limitations.--The following apply:
(1) A grant recipient may not commence work on a project
before receiving authority approval of the grant under
section 6. Commencement of work prior to receiving authority
approval will result in a project application being
ineligible for funding consideration.
(2) A grant recipient may not make a substantial change
to an approved project without first obtaining authority
consent in writing.
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(3) Any unused portion of a grant award shall be
returned to the authority.
(4) Grant money may only be used for new projects
approved by the board.
(5) Grant money may not be used for any of the
following:
(i) Paying fees for securing financing.
(ii) Paying interest on borrowed money.
(iii) Refinancing existing debt.
(iv) Paying for lobbying services.
(v) Paying fines.
(vi) Application preparation fees.
(6) The authority may establish additional restrictions
and limitations as the authority deems necessary to
administer the program.
(c) Account.--The authority shall establish the Unserved
High-Speed Broadband Funding Program Account. The following
shall apply:
(1) The purpose of the account is to award grants under
this act.
(2) The following shall be sources of funding for the
account:
(i) Appropriations, including Federal money.
(ii) Return on the money in the account.
(3) Money in the account is continuously appropriated to
the account. This appropriation shall not lapse at the end of
a fiscal year.
(d) Guidelines.--Within 180 days of the effective date of
this section, the board shall adopt guidelines to implement this
section. The guidelines shall include provisions for submission,
review and approval of applications, award of grants and
administration of projects funded under the program, including a
provision for reasonable oversight and reporting to ensure that
project grant awards are used as intended.
Amend Bill, page 8, line 16, by striking out "(b)" and
inserting
(e)
Amend Bill, page 8, line 16, by striking out "department" and
inserting
authority
Amend Bill, page 8, line 22, by striking out "(c)" and
inserting
(f)
Amend Bill, page 8, line 23, by striking out "department" and
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inserting
authority
Amend Bill, page 9, by inserting between lines 2 and 3
Section 9. Appropriation.
The sum of $5,000,000 is hereby appropriated to the authority
from the General Fund for the 2020-2021 fiscal year for purposes
of the program.
Section 10. Prohibition and repeals.
(a) Prohibition.--The Department of Revenue may not award a
tax credit under Article XVIII-E of the act of March 4, 1971
(P.L.6, No.2), known as the Tax Reform Code of 1971, after June
30, 2020.
(b) Repeals.--Repeals are as follows:
(1) The General Assembly declares that the repeal under
paragraph (2) is necessary to effectuate this act.
(2) Sections 1804-E and 1805-E of the act of March 4,
1971 (P.L.6, No.2), known as the Tax Reform Code of 1971, are
repealed.
Amend Bill, page 9, line 3, by striking out "9" and inserting
11
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See A06275 in
the context
of SB0835