PRINTER'S NO. 709
No. 661 Session of 2007
INTRODUCED BY WOZNIAK, BOSCOLA, C. WILLIAMS, COSTA, FONTANA,
MUSTO, ERICKSON, O'PAKE, WASHINGTON, STOUT, WONDERLING,
MELLOW, FUMO, BROWNE, FERLO AND GORDNER, MARCH 22, 2007
REFERRED TO ENVIRONMENTAL RESOURCES AND ENERGY, MARCH 22, 2007
AN ACT
1 Amending the act of April 9, 1929 (P.L.177, No.175), entitled
2 "An act providing for and reorganizing the conduct of the
3 executive and administrative work of the Commonwealth by the
4 Executive Department thereof and the administrative
5 departments, boards, commissions, and officers thereof,
6 including the boards of trustees of State Normal Schools, or
7 Teachers Colleges; abolishing, creating, reorganizing or
8 authorizing the reorganization of certain administrative
9 departments, boards, and commissions; defining the powers and
10 duties of the Governor and other executive and administrative
11 officers, and of the several administrative departments,
12 boards, commissions, and officers; fixing the salaries of the
13 Governor, Lieutenant Governor, and certain other executive
14 and administrative officers; providing for the appointment of
15 certain administrative officers, and of all deputies and
16 other assistants and employes in certain departments, boards,
17 and commissions; and prescribing the manner in which the
18 number and compensation of the deputies and all other
19 assistants and employes of certain departments, boards and
20 commissions shall be determined," further providing for the
21 powers of the Pennsylvania Energy Development Authority.
22 The General Assembly of the Commonwealth of Pennsylvania
23 hereby enacts as follows:
24 Section 1. The definition of "project" in section 2801-C of
25 the act of April 9, 1929 (P.L.177, No.175), known as The
26 Administrative Code of 1929, added December 14, 1982 (P.L.1213,
27 No.280), is amended to read:
1 Section 2801-C. Definitions.--The following words and
2 phrases when used in this article shall have the meanings given
3 to them in this section unless the context clearly indicates
4 otherwise:
5 * * *
6 "Project" means an activity, entirely or largely conducted in
7 Pennsylvania, which cannot be effectively funded using privately
8 available resources, relating to:
9 (1) basic and applied research concerning energy use,
10 renewable energy resources and energy extraction, transmission,
11 storage or conversion;
12 (2) limited scale demonstration of innovative or
13 commercially unproven technology to promote the production, use
14 or conservation of energy; [or]
15 (3) activities to promote or remove obstacles to the
16 utilization and transportation of Pennsylvania energy resources,
17 including but not limited to limited scale synthetic fuel
18 facilities and the conversion or technological improvement of
19 industrial, commercial or agricultural systems to utilize
20 Pennsylvania coal or renewable energy resources: Provided, That
21 no such facility unreasonably interferes with private waste
22 recycling industries[.]; or
23 (4) activities designed to further the development or
24 deployment of alternative energy sources, including those
25 defined in the act of November 30, 2004 (P.L.1672, No.213),
26 known as the "Alternative Energy Portfolio Standards Act";
27 alternative fuels, including those defined in the act of
28 November 29, 2004 (P.L.1376, No.178), known as the "Alternative
29 Fuels Incentive Act"; energy efficiency technology and energy
30 conservation measures.
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1 Section 2. Section 2806-C(14) of the act, added December 14,
2 1982 (P.L.1213, No.280), is amended and the section is amended
3 by adding paragraphs to read:
4 Section 2806-C. Powers and Duties.--The authority, as a
5 public corporation and governmental instrumentality exercising
6 public powers of the Commonwealth, is hereby granted and shall
7 have and may exercise all powers necessary or appropriate to
8 carry out and effectuate the purposes of this article, including
9 the following powers, in addition to others herein granted:
10 * * *
11 (14) To make grants to fund [research] projects.
12 * * *
13 (19) To acquire and sell alternative energy credits as
14 defined in the act of November 30, 2004 (P.L.1672, No.213),
15 known as the "Alternative Energy Portfolio Standards Act."
16 (20) To establish rebate and incentive programs to help to
17 defray the costs to persons associated with the purchase,
18 manufacture or distribution of products which are used to
19 generate alternative energy or which employ energy-efficient
20 technology.
21 (21) To acquire, through purchase or otherwise, hold, sell,
22 transfer and redistribute electric power, natural gas, liquid
23 fuel, transportation fuel and any other energy commodity.
24 (22) To enter into agreements with State departments,
25 authorities, boards and commissions to provide for the transfer
26 of funds from the Energy Development Fund or other funds under
27 the control of the authority, to be used for energy-related
28 activities, including the following:
29 (i) Supporting early-stage activities, including incubator
30 support services, management support, translational research
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1 activities and early stage capital.
2 (ii) Providing loans to venture capital partnerships.
3 (iii) Providing grants and loans for working capital,
4 equipment acquisition, construction and site preparation.
5 Section 3. Section 2807-C(a) of the act, amended December
6 15, 1988 (P.L.1239, No.152), is amended to read:
7 Section 2807-C. Authority Indebtedness.--(a) The authority
8 shall have the power and hereby is authorized from time to time,
9 by resolution of the authority and subject to the written
10 approval of the Governor, to issue its negotiable bonds in such
11 principal amount as, in the opinion of the authority, shall be
12 necessary to provide sufficient funds for any of its corporate
13 purposes, the establishment of reserves to secure such bonds and
14 all other expenditures of the authority incident to and
15 necessary or convenient to carry out its corporate purposes and
16 powers. The authority may issue its bonds to provide financial
17 assistance for projects only after the authority has first
18 identified and approved such projects. [The aggregate principal
19 amount of bonds and notes of the authority shall not exceed
20 $300,000,000 outstanding at any one time.]
21 * * *
22 Section 4. This act shall take effect immediately.
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