THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL

INTRODUCED BY PASHINSKI, CALTAGIRONE, CARROLL, COHEN, DALEY, DeLUCA, DONATUCCI, KNOWLES, KORTZ, MAHONEY, MARSICO, MURT, MYERS, ROCK, ROEBUCK, SANTARSIERO, K. SMITH, STURLA AND THOMAS, APRIL 13, 2011

REFERRED TO COMMITTEE ON TRANSPORTATION, APRIL 13, 2011  

AN ACT

Amending the act of June 1, 1956 (1955 P.L.1944, No.655),

entitled "An act providing a permanent allocation of a part

of the fuels and liquids fuels tax proceeds to cities,

boroughs, incorporated towns and townships, for their road,

street and bridge purposes; conferring powers and imposing

duties on local officers and the Department of Highways; and

making an appropriation out of the Motor License Fund; and

repealing existing legislation," further providing for funds

appropriated to municipalities.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1.  Section 4(2.1) of the act of June 1, 1956 (1955

P.L.1944, No.655), referred to as the Liquid Fuels Tax Municipal

Allocation Law, amended February 5, 1982 (P.L.9, No.4), is

amended to read:

Section 4.  The money hereby appropriated to municipalities

shall be paid to the municipalities in accordance with the

following formula and subject to the provisions of this act:

* * *

(2.1)  Any municipality which issues bonds or obligations in

accordance with [Article VII-A of the act of June 25, 1941

(P.L.159), known as the "Municipal Borrowing Law,"] 53 Pa.C.S.

Pt. VII Subpt. B (relating to indebtedness and borrowing) 

exclusively for road or street improvement purposes may expend

all or any portion of the allocated money for interest and

principal payments and sinking fund charges becoming due on such

bonds or obligations. Any municipality which issues bonds or

obligations in accordance with 53 Pa.C.S. Pt. VII Subpt. B 

partially for road or street improvement purposes may expend all

or any portion of the allocated money for interest and principal

payments and sinking fund charges for the portion of the bonds

or obligations that relate to road or street improvement

purposes which become due on the bonds or obligations.

* * *

Section 2.  This act shall take effect in 60 days.