HOUSE AMENDED
PRIOR PRINTER'S NOS. 810, 1116 PRINTER'S NO. 1337
No. 755 Session of 1997
INTRODUCED BY JUBELIRER, LEMMOND, WENGER, RHOADES, CORMAN,
KUKOVICH, O'PAKE, HUGHES, MOWERY, SLOCUM, ROBBINS, SALVATORE,
PICCOLA, HART, PUNT, THOMPSON, SCHWARTZ, MUSTO, AFFLERBACH
AND WOZNIAK, MARCH 20, 1997
AS REPORTED FROM COMMITTEE ON COMMERCE AND ECONOMIC DEVELOPMENT,
HOUSE OF REPRESENTATIVES, AS AMENDED, SEPTEMBER 24, 1997
AN ACT
1 Amending the act of April 9, 1929 (P.L.343, No.176), entitled,
2 as amended, "An act relating to the finances of the State
3 government; providing for the settlement, assessment,
4 collection, and lien of taxes, bonus, and all other accounts
5 due the Commonwealth, the collection and recovery of fees and
6 other money or property due or belonging to the Commonwealth,
7 or any agency thereof, including escheated property and the
8 proceeds of its sale, the custody and disbursement or other
9 disposition of funds and securities belonging to or in the
10 possession of the Commonwealth, and the settlement of claims
11 against the Commonwealth, the resettlement of accounts and
12 appeals to the courts, refunds of moneys erroneously paid to
13 the Commonwealth, auditing the accounts of the Commonwealth
14 and all agencies thereof, of all public officers collecting
15 moneys payable to the Commonwealth, or any agency thereof,
16 and all receipts of appropriations from the Commonwealth,
17 authorizing the Commonwealth to issue tax anticipation notes
18 to defray current expenses, implementing the provisions of
19 section 7(a) of Article VIII of the Constitution of
20 Pennsylvania authorizing and restricting the incurring of
21 certain debt and imposing penalties; affecting every
22 department, board, commission, and officer of the State
23 government, every political subdivision of the State, and
24 certain officers of such subdivisions, every person,
25 association, and corporation required to pay, assess, or
26 collect taxes, or to make returns or reports under the laws
27 imposing taxes for State purposes, or to pay license fees or
28 other moneys to the Commonwealth, or any agency thereof,
29 every State depository and every debtor or creditor of the
30 Commonwealth," further providing for redevelopment assistance
1 capital projects; providing limitations on redevelopment
2 assistance capital projects; and making editorial changes.
3 The General Assembly of the Commonwealth of Pennsylvania
4 hereby enacts as follows:
5 Section 1. The definition of "Redevelopment Assistance
6 Capital Project" in section 1602-B of the act of April 9, 1929
7 (P.L.343, No.176), known as The Fiscal Code, amended June 28,
8 1993 (P.L.183, No.39), is amended to read:
9 Section 1602-B. Definitions.--As used in this article--
10 * * *
11 "Redevelopment Assistance Capital Project" shall mean the
12 design and construction of facilities which (i) are facilities
13 other than housing units, highways, bridges, waste disposal
14 facilities, sewage systems or facilities, or water systems or
15 facilities, and are projects which cannot obtain funding under
16 other State or Federal programs; (ii) are economic development
17 projects which generate substantial increases in employment, tax
18 revenues or other measures of economic activity, including such
19 projects with cultural, historical or civic significance; (iii)
20 are facilities which have a regional or multijurisdictional
21 impact; (iv) are eligible for tax-exempt bond funding under
22 existing Federal law and regulations; (v) have a fifty per
23 centum non-State participation documented at the time of
24 application, at least half of which is secured funding, and
25 which the only noncash non-State participation permitted is land
26 donation and toward which State funds from other programs may
27 not be used, Provided, however, That a portion of any funds
28 reserved for the future physical maintenance and operation of
29 the facilities may be included as a part of the fifty per centum
30 non-State participation; and (vi) have a total project cost of
19970S0755B1337 - 2 -
1 five million dollars ($5,000,000) or more for projects in first
2 and second class counties and three million dollars ($3,000,000)
3 or more for projects in second class A through eighth class
4 counties, or for such projects in municipalities designated as
5 "financially distressed municipalities" under the provisions of
6 the act of July 10, 1987 (P.L.246, No.47), known as the
7 "Municipalities Financial Recovery Act," or municipalities that
8 are identified at the time of application by the Department of
9 Community [Affairs] and Economic Development, under the
10 department's early warning system, as scoring at least one-half
11 standard deviation above the mean score, or municipalities that
12 have part or all of an enterprise zone within the municipal
13 boundaries, and have a total project cost of one million dollars
14 ($1,000,000) or more; and (vii) have a cooperation agreement
15 between the applicant and a redevelopment authority or
16 industrial development authority or general purpose unit of
17 local government if the applicant does not administer the grant.
18 Applicants can be redevelopment authorities, industrial
19 development authorities or general purpose units of local
20 government.
21 * * *
22 Section 2. Sections 1616.1-B and 1616.2-B(a) of the act,
23 amended or added June 28, 1993 (P.L.183, No.39), are amended to
24 read:
25 Section 1616.1-B. Appropriation and Limitation on
26 Redevelopment Assistance Capital Projects.--(a) The amount
27 necessary to pay principal of and interest on all obligations
28 issued to provide funds for redevelopment assistance capital
29 projects is hereby appropriated from the General Fund and shall
30 be transferred to the Capital Debt Fund upon authorization by
19970S0755B1337 - 3 -
1 the Governor.
2 (b) The maximum amount of redevelopment assistance capital
3 projects undertaken by the Commonwealth for which obligations
4 are to be issued shall not exceed, in aggregate, [seven hundred
5 million dollars ($700,000,000).] one billion dollars <--
6 ($1,000,000,000) EIGHT HUNDRED FIFTY MILLION DOLLARS <--
7 ($850,000,000).
8 Section 1616.2-B. Funding and Administration of
9 Redevelopment Assistance Capital Projects.--(a) The Secretary
10 of the Budget, in consultation with the Secretary of [Commerce
11 and the Secretary of Community Affairs] Community and Economic
12 Development, shall approve or disapprove redevelopment
13 assistance capital projects.
14 * * *
15 Section 3. This act shall take effect immediately.
A16L72RZ/19970S0755B1337 - 4 -