PRINTER'S NO. 349
THE GENERAL ASSEMBLY OF PENNSYLVANIA
INTRODUCED BY FONTANA, WASHINGTON, KASUNIC, TARTAGLIONE, YUDICHAK, FERLO, FARNESE, SOLOBAY, WILLIAMS, HUGHES, BREWSTER, KITCHEN, COSTA, BLAKE AND BOSCOLA, FEBRUARY 5, 2013
REFERRED TO COMMUNITY, ECONOMIC AND RECREATIONAL DEVELOPMENT, FEBRUARY 5, 2013
1Amending Title 64 (Public Authorities and Quasi-Public
2Corporations) of the Pennsylvania Consolidated Statutes,
3further providing for revolving loan program accounts, for
4indebtedness, for Business in Our Sites Program and for First
5Industries Program; and making a transfer.
11§ 1542. Revolving loan program accounts.
12(a) The Business in Our Sites Program account.--The
13authority shall establish an account for the program established
14in section 1551 (relating to Business in Our Sites Program).
15Proceeds of bonds issued to fund the Business in Our Sites
16Program and any moneys received as loan repayments under the
17Business in Our Sites Program, or moneys otherwise made
18available to the program, shall be deposited in the account and
1made available for additional [planning grants,] project grants
2or loans for the purposes of the program in section 1551,
3subject to the provisions of any pledge to or agreement made by
4the authority with obligees of the authority.
5(b) The First Industries Program account.--The authority
6shall establish an account for the program established in
7section 1552 (relating to First Industries Program). Proceeds of
8bonds issued to fund the First Industries Program, any moneys
9received as loan repayments or in repayment or recovery of loan
10guarantees under the program, or moneys otherwise made available
11to the program, shall be deposited in the account and made
12available for additional [planning grants or] loans or used for
13additional loan guarantees as provided in section 1552, subject
14to the provisions of any pledge to or agreement made by the
15authority with obligees of the authority.
16§ 1543. Indebtedness.
17(a) General rule.--Subject to the limitations of subsection
18(b), the authority may, in its own name, incur indebtedness,
19including through the issuance of bonds, in an amount necessary
20to fund the [program as] programs established in Subchapter E
21(relating to programs) and in 12 Pa.C.S. Ch. 29 (relating to
22machinery and equipment loans).
16* * *
17§ 1551. Business in Our Sites Program.
18(a) Establishment.--There is established a program to be
19known as the Business in Our Sites Program. The program shall
20provide financial assistance for the preparation of sites
21located within this Commonwealth for future development.
22(b) [Applications for planning grants.--A municipality,
23municipal authority, redevelopment authority or industrial
24development agency may submit an application to the authority
25requesting a planning grant for costs associated with
26predevelopment activities and feasibility studies for a project.
27The application shall be on the form required by the board and
28shall include or demonstrate all of the following:
29(1) The applicant's name and address.
30(2) The location of the project.
19(c) [Review and approval of planning grant applications.--
20(1) The board shall review the application. Upon being
21satisfied that all requirements have been met, the board may
22approve the application and, if approved, the authority shall
23award a planning grant.
1requesting a loan or a combination of a loan and project grant
2for a project. A private developer may submit an application to
3the board requesting a loan for a project. The application shall
4be on the form required by the board and shall include or
5demonstrate all of the following:
6(1) The applicant's name and address.
7(2) The location of the project.
16(ii) the project is for the development of
17undeveloped land which may be the subject of future
18development pursuant to any existing comprehensive
19municipal plan and is zoned for such development at the
20time of application.
23(6) A statement of the amount of the loan or combined
24loan and project grant sought. If the applicant is requesting
25a project grant, a statement as to the financial necessity
26for the project grant must be included.
1(8) Any other information required by the board.
6(2) That the project is the redevelopment, reuse or
7revitalization of previously developed land, including
8previously mined areas, or that the project is the
9development of undeveloped land which may be the subject of
10future development pursuant to any existing comprehensive
11municipal plan and is zoned for such development at the time
25(f) Approval of project financing applications.--Upon being
26satisfied that all requirements have been met, the board may
27approve the application, and, if approved, the authority shall
28award a loan or a combination of a loan and project grant to be
29used for costs of the project. A combined loan and project grant
30may be awarded only if the board finds that the value of the
5(1) [A planning grant awarded for a project under
6section (c) shall not exceed $250,000. No more than
7$10,000,000 of the funds made available for the program
8authorized by this section may be used for planning grants]
10(2) A project grant awarded under subsection (f) shall
11not exceed 50% of the total amount of financing awarded by
12the board for the project or $5,000,000, whichever is less.
13No more than one-third of the funds made available for the
14program authorized by this section may be used for all
16(3) No more than 15% of the funds made available for the
17program authorized by this section may be awarded for
18projects located within any one city, town, borough or
19township of this Commonwealth.
24(i) Environmental assessment and remediation.
27(iii) Demolition of structures.
30(v) Reimbursement of engineering and administrative
3§ 1552. First Industries Program.
4* * *
5(b) [Applications for planning grants.--An applicant may
6submit an application to the authority requesting a planning
7grant in an amount not to exceed $250,000 for the costs of
8predevelopment activities and feasibility studies for a project
9related to tourism or agriculture. The application shall be on
10the form required by the board and shall include or demonstrate
11all of the following:
12(1) The applicant's name and address.
13(2) The location of the project.
14(3) A description of the project.
22(c) [Review and approval of planning grant applications.--
1(iii) The project will result in environmentally
2friendly or energy efficient operations related to
3agriculture, including projects authorized by the act of
4December 12, 1994 (P.L.888, No.128), known as the
5Agricultural By-Product Management Technology Act.
23* * *
4Section 3. This act shall take effect in 60 days.