1Amending the act of December 8, 2004 (P.L.1801, No.238),
2entitled "An act empowering municipalities, counties and
3public transportation agencies to work cooperatively to
4establish Transit Revitalization Investment Districts (TRID),
5including partnerships with the National Railroad Passenger
6Corporation requiring planning studies, comprehensive plan
7and zoning amendments and use of existing statutes and
8techniques to achieve transit-oriented development,
9redevelopment, community revitalization and enhanced
10community character through TRID creation; establishing value
11capture areas as a means to reserve and use future,
12designated incremental tax revenues for public transportation
13capital improvements, related site development improvements
14and maintenance; promoting the involvement of and
15partnerships with the private sector in TRID development and
16implementation; encouraging public involvement during TRID
17planning and implementation; and providing for duties of the
18Department of Community and Economic Development," in general
19provisions, further providing for definitions; in TRID
20creation and location, further providing for criteria for
21proposed TRID, for TRID designation, for implementing
22authority, for TRID planning study factors, for roles and
23responsibilities of public transportation agencies and
24municipalities and for amendments to TRID planning study; in
25land development powers of public transportation agencies,
26further providing for development or redevelopment of
27property; in value capture approaches, further providing for
28creation of value capture area and for dedication of tax
29revenues; providing for capture of TRID tax revenue; and, in
30community involvement, further providing for public meeting
31to explain TRID and alternative implementation approaches.

1The General Assembly of the Commonwealth of Pennsylvania
2hereby enacts as follows:

3Section 1. Section 103 of the act of December 8, 2004
4(P.L.1801, No.238), known as the Transit Revitalization
5Investment District Act, is amended by adding a definition to
6read:

7Section 103. Definitions.

8The following words and phrases when used in this act shall
9have the meanings given to them in this section unless the
10context clearly indicates otherwise:

11* * *

12"Management entity." Any of the following:

13(1) A participating municipality or transit agency.

14(2) A redevelopment authority, municipal authority,
15neighborhood improvement district, business improvement
16district or a similar governmental or nonprofit organization
17authorized to act in a manner consistent with the TRID
18planning study and with a services area compatible with the
19TRID.

20* * *

21Section 2. Sections 301, 302, 303, 304, 305, 306, 502, 701
22and 702 of the act are amended to read:

23Section 301. Criteria for proposed TRID.

24Local municipalities, counties, transportation authorities
25and public transportation agencies proposing to define and
26develop a TRID shall use the following criteria and process:

27(1) Eligible TRID locations may include any geographic
28area of a municipality or municipalities, including vacant,
29underutilized or potentially redevelopable land, within an
30area generally formed by a minimum radius of one-eighth mile

1and not to exceed a radius of one-half mile from a railroad,
2transit, light rail, busway or similar transit stop or
3station, measured from the centerline of the track or roadway
4traversing the station or stop location. TRID designation may
5also include new station locations proposed in conjunction
6with a planned public transportation service, as defined on
7an adopted county, regional or public transportation agency
8plan.

9[(2) The specific boundaries of a TRID may be expanded
10or reduced based on local circumstances such as local
11economic development and planning goals, community character,
12property boundary and scale variations but only when:

13(i) authorized by the governing body or bodies of
14the affected jurisdiction or jurisdictions in cooperation
15with the pertinent public transportation agency; and

16(ii) the rationale for the boundaries is supported
17by the findings of the required TRID planning study.]

18(3) A local municipality or municipalities shall
19[further] define and support the rationale for the TRID
20designation through a TRID planning study as well as
21appropriate amendments to the municipal comprehensive plan,
22zoning ordinance and other pertinent regulations.

23(4) A local municipality may designate the county
24planning agency to undertake or assist the TRID planning
25study on its behalf.

26(5) An existing neighborhood improvement district, tax
27increment district or urban renewal area may be used as the
28basis for the boundaries of a TRID when justified by the TRID
29planning study required in section 304.

30Section 302. TRID designation.

1(a) Designation.--Local municipalities and counties working
2with public transportation agencies, transportation authorities,
3AMTRAK, passenger rail transportation providers or any
4combination thereof may designate TRIDs in advance of
5implementation of a new public transit service or in conjunction
6with an existing public transportation service and in advance of
7or in conjunction with actual development proposals. A TRID and 
8its boundaries shall be established by ordinance.

9(b) Agreement.--To create a TRID, in addition to the
10planning study described in section 301(3), the municipality or
11municipalities shall enter into an agreement with the transit
12agency that approves the TRID planning study under section 
13301(3) and defines the activities [and], commitments and 
14administrative and management roles of each party to the TRID,
15including any specific actions or financial participation to
16help implement the TRID. The agreement shall include the
17development agreement specified in section 504 as well as a
18description of the TRID management entity described in section
19[502(4)] 303.

20Section 303. [Implementing authority] Management entity.

21[A participating county, local municipality, transportation
22authority and public transportation agency may designate on
23their behalf the county redevelopment authority to assume
24responsibility for TRID implementation.] The participating local 
25municipality or county and the transit agency shall designate 
26the management entity in the TRID agreement to administer, 
27manage and facilitate the implementation of the TRID planning 
28study.

29Section 304. TRID planning study factors.

30The scope and scale of transit improvements and community

1facility improvements, as well as any needed support facilities,
2shall be assessed in the TRID planning study. The TRID planning
3study shall also serve as the basis for a comprehensive plan
4amendment to establish the TRID if the municipality has a
5currently adopted comprehensive plan. The following shall apply:

6(1) The planning study shall consider the need for
7capital improvements to transit-related facilities and
8adjacent public infrastructure, including roads, sidewalks
9and water, sewer and storm drainage service and public
10facilities, as well as opportunities for private sector real
11estate development and ways in which such facilities,
12services and development can be financed.

13(2) Municipalities and counties undertaking a TRID
14planning study shall receive priority consideration for
15planning [and implementation] grants and technical assistance
16from the department[, working in partnership with the
17pertinent county planning agency or agencies and other State
18agencies with grant or loan programs that may be applicable
19to TRID planning or implementations]. Any funding
20[appropriated to the Department of Community and Economic
21Development for the purpose of carrying out this act is
22intended to assist counties and local governments on a 25%
23matching basis to undertake TRID planning studies and related
24implementation activities. Individual grants for a TRID
25planning study or implementation project shall not exceed
26$75,000. The department in consultation with the Department
27of Transportation shall administer the supplemental TRID
28program through the existing land use planning and technical
29assistance program, with application guidance as necessary.]
30utilized by the department to assist with TRID planning
 

1studies, except where otherwise limited by law, shall be 
2awarded on a 25% matching basis.

3(3) Commonwealth agencies are directed to provide State
4resources, programs and new capital investments that will
5assist local governments, transportation authorities and
6transit agencies to implement TRIDS.

7Section 305. Roles and responsibilities of public
8transportation agencies and municipalities.

9As guidelines to implement the findings and recommendation of
10the TRID planning study, the following roles and
11responsibilities are defined:

12(1) The scope and scale of needed or proposed transit
13capital improvements within the TRID area are the
14responsibility of the partnering public transportation
15agency. The cost, financing, phasing and schedule of all
16transit-related improvements shall be included in the public
17transportation agency's adopted capital program.

18(2) The scope and scale of needed or proposed support
19facilities, highway accessways and community or neighborhood
20facility improvements, for example, sidewalks and recreation
21facilities, are the responsibility of the partnering county
22and local jurisdiction or jurisdictions and may include
23support from the private sector.

24[(3) Notwithstanding these stated roles and
25responsibilities, the parties to a TRID shall be responsible
26for defining the administrative and management roles and
27responsibilities that will be most appropriate to achieve
28implementation of the TRID in their community.]

29Section 306. Amendments [to TRID planning study].

30[Proposed real estate development or redevelopment may

1trigger additional needs for transit improvements and community
2facility improvements or support facilities and shall be
3accommodated through pertinent amendments of the TRID planning
4study and county, multimunicipal or local municipal
5comprehensive plan.] If warranted by a changing economic or 
6community condition, planning goal, real estate development, 
7redevelopment opportunity or a demonstrated need for transit or 
8community facility improvement, a TRID or TRID planning study 
9may be amended. The following shall apply:

10(1) The boundaries of a TRID may be expanded or reduced
11by an amendment to the ordinance establishing the TRID and
12shall be accompanied by justification for the boundary change
13supported by findings in the original or amended TRID
14planning study.

15(2) A TRID planning study may be amended by approval of
16the municipality, municipalities or counties and the transit
17agency that are parties to the TRID designation pursuant to
18section 302.

19Section 502. Development or redevelopment of property.

20Development or redevelopment of property within a TRID shall
21generally occur in the following manner:

22(1) The public transportation agency may acquire the
23property, improve it for future development, such as site
24clearance, utility work, environmental remediation and
25similar improvements, and work cooperatively with the
26pertinent local jurisdiction or jurisdictions and
27implementing agencies to offer it for sale to the private
28sector for use or uses consistent with the adopted TRID plan.

29(2) Alternatively, the public transportation agency may
30advertise the presence of available development sites within

1a TRID, including a map of potentially developable or
2redevelopable properties, and invite interested developers to
3submit proposals in cooperation with the pertinent local
4jurisdiction or jurisdictions and implementing agencies.

5(3) In the case of either paragraph (1) or (2), the
6public transportation agency may not be the primary real
7estate developer, and joint development activities are
8confined to the construction of support and access
9facilities: that is, vehicular access, parking, pedestrian
10ways, building pads, foundation columns, signage and similar
11items.

12[(4) The partnering TRID local municipality or
13municipalities shall designate a management entity for the
14TRID which may be a municipal authority or joint municipal
15authority, in accordance with the requirements of 53 Pa.C.S.
16Ch. 56 (relating to municipal authorities) to manage and
17facilitate TRID implementation. The local municipality or
18municipalities involved in the TRID shall retain policy and
19oversight responsibilities for all budgetary and programmatic
20actions of the designated TRID management entity.]

21(5) Creative partnerships with AMTRAK, passenger rail
22transportation providers, transportation authorities and the
23private sector to accomplish TRID purposes that use the
24benefits of AMTRAK's and passenger rail service providers'
25existing real estate development powers are both desirable
26and encouraged.

27[(6) Neighborhood improvement districts, business
28improvement districts or similar entities may be designated
29to manage the TRID implementation activities.]

30Section 701. Creation of value capture area.

1In conjunction with the formal establishment of the TRID
2boundaries, a coterminous value capture area shall
3simultaneously be created to enable local municipalities, school
4districts, the county and the public transportation agency to
5share the increased tax increment of real estate and other
6designated tax revenues generated by new real estate investment
7within the TRID. The participants in the TRID, through the
8designated management entity, shall develop an administrative
9and project schedule and budget to implement the project,
10including future maintenance needs, as defined in the TRID
11planning study, as well as the shares and use of [such tax] the 
12incremental revenues as are projected to be generated from the
13TRID value capture area. The participating municipality or
14municipalities may review and revise the TRID budget.

15Section 702. Dedication of tax revenues.

16[Tax] A portion of incremental tax revenues generated within
17a TRID shall be dedicated to completion and future maintenance
18of the specific and necessary transit capital and public 
19infrastructure improvements designated in the comprehensive plan
20amendment and TRID planning study as follows:

21(1) Local [municipalities and counties shall not use
22such revenues for general government purposes, and a public
23transportation agency shall not use such revenues for transit
24capital investments elsewhere on the public transportation
25system.] taxing bodies shall approve that portion of revenues 
26which shall be dedicated to support TRID implementation and 
27that portion which shall be dedicated for general government 
28purposes.

29(1.1) A public transportation agency may not use the
30revenue for a transit capital investment outside of a

1designated TRID except if the investment is necessary and
2integral to achieve an approved TRID implementation
3objective.

4(2) Local municipalities, school districts and the
5county shall establish an amortization schedule for receipt,
6investment and expenditure of any TRID tax incremental
7revenues[, not to exceed 20 years,] similar to the
8amortization schedule in the act of July 11, 1990 (P.L.465,
9No.113), known as the Tax Increment Financing Act. [However,
10where a municipal or joint municipal authority has been
11created, it shall be responsible for fixing the amortization
12schedule and for defining the TRID capital improvement plan.]
13Incremental tax revenue generated by a TRID property may be 
14directed for use in TRID projects for up to 20 years from the 
15date a property is designated as a TRID.

16Section 3. The act is amended by adding a chapter to read:

17CHAPTER 8

18CAPTURE OF TRID TAX REVENUE

19Section 801. Definitions.

20The following words and phrases when used in this chapter
21shall have the meanings given to them in this section unless the
22context clearly indicates otherwise:

23"Baseline year." The calendar year the department approved
24the TRID as a recipient of tax revenue generated within the
25TRID.

26"Bond." The term includes a note, instrument, refunding note
27or other evidence of indebtedness or obligation.

28"Department." The Department of Revenue of the Commonwealth.

29"Eligible project." Development or improvement within a
30TRID, including construction, infrastructure and site

1preparation, reconstruction or renovation of a facility within a
2TRID which will result in economic development or transit-
3oriented development in accordance with the TRID and the TRID
4planning study.

5"Eligible tax." As follows:

6(1) Any of the following taxes if generated within an
7area of not more than 100 acres, comprised of parcels
8designated by the management entity:

9(i) Corporate net income tax, capital stock and
10franchise tax or bank shares tax, calculated and
11apportioned as to amount attributable to the location
12within the TRID and calculated under section 1904-B(b)
13and (c) of the act of March 4, 1971 (P.L.6, No.2), known
14as the Tax Reform Code of 1971.

15(ii) Sales and use tax, only to the extent the tax
16is related to the activity of a qualified business within
17the TRID.

18(iii) Personal income tax withheld from its
19employees by a qualified business for work performed in
20the TRID.

21(iv) Tax paid to the Commonwealth on the sale of
22liquor, wine or malt or brewed beverages in the TRID.

23(2) The term does not include cigarette tax.

24"Qualified business." As follows:

25(1) An entity located or partially located in a TRID
26which meets the requirements of all of the following:

27(i) Has conducted an active trade or business in the
28TRID.

29(ii) Appears on the timely filed list under section
30805(a).

1(2) A construction contractor engaged in construction,
2including infrastructure or site preparation, reconstruction
3or renovation of a facility located in or partially in the
4TRID.

5(3) The term does not include an agent, broker or
6representative of a business.

7"TRID fund." A TRID fund established under section 806.

8Section 802. Approval.

9(a) Submission.--A management entity may apply to the
10Department of Community and Economic Development to establish a
11TRID fund for the purposes of funding an eligible project or for
12covering debt service payments related to debt incurred to fund
13an eligible project.

14(b) Agencies.--The Department of Community and Economic
15Development and the department must approve each application<-.,<-
16provided that the Department of Community and Economic
17Development shall only have the authority to approve two
18applications under the provisions of this chapter.

19(c) Approval schedule.--The Department of Community and
20Economic Development shall develop a schedule for the approval
21of applications provided that an application under this section
22shall be approved or disapproved within 90 days of the postmark
23date of the submission. An application which is not disapproved
24within the time period under this subsection shall be deemed to
25be approved.

26(d) Reapplication.--If an application is not approved under
27this section, the applicant may revise the application and plan
28and reapply for approval.

29Section 803. Additional powers of management entities.

30In addition to other powers and functions of management

1entities granted under this act, a management entity shall have
2the power to borrow money for the purposes of executing a TRID
3or TRID planning study for which a TRID fund has been approved
4under section 802.

5Section 804. Prohibition on management entities.

6A member of the management entity may not receive money
7directly or indirectly from the TRID fund.

8Section 805. Qualified businesses.

9(a) List.--By June 1 following the end of the baseline year,
10and for every year thereafter, each management entity shall file
11with the department a complete list of all businesses located in
12the TRID and all construction contractors engaged in
13construction, reconstruction or renovation of a facility in the
14TRID in the prior calendar year. The list shall include for each
15business address, State tax identification number and parcel
16number and a map of the TRID with parcel numbers.

17(b) Time.--If the list under subsection (a) is not timely
18provided to the department, no eligible State tax shall be
19certified by the department for the prior calendar year.

20Section 806. Funds.

21(a) Notice.--Following the approval of an application under
22section 802, the management entity shall notify the State
23Treasurer.

24(b) Establishment.--Upon receipt of notice under subsection
25(a), the State Treasurer shall establish for each TRID a special
26fund for the benefit of the management entity to be known as the
27TRID Fund. Interest income derived from investment of money in a
28fund shall be credited by the State Treasury to the fund.

29Section 807. Reports.

30(a) TRID report.--By June 15 following the baseline year and

1each year thereafter, each qualified business shall file a
2report with the department in a form or manner required by the
3department which includes all of the following:

4(1) Amount of each eligible tax which was paid to the
5Commonwealth by the qualified business in the prior calendar
6year.

7(2) Amount of each eligible tax refund received from the
8Commonwealth in the prior calendar year by the qualified
9business.

10(b) Penalties.--

11(1) Failure to file a timely and complete report under
12subsection (a) may result in the imposition of a penalty of
13the lesser of:

14(i) ten percent of all eligible tax due the taxing
15authority in the prior calendar year; or

16(ii) one thousand dollars.

17(2) A penalty for a violation of subsection (a) shall be
18imposed, assessed and collected by the department under
19procedures set forth in Article II of the act of March 4,
201971 (P.L.6, No.2), known as the Tax Reform Code of 1971.
21Money collected under this paragraph shall be deposited in
22the General Fund.

23Section 808. Calculation of baseline.

24(a) Baseline tax.--By October 15 following the end of the
25baseline year and for each year thereafter, the department shall
26verify the State baseline tax amount which consists of 75% of
27the following:

28(1) For qualified businesses that file timely TRID
29reports under section 807, the amount of eligible State tax
30paid, less eligible State tax refunds.

1(2) For qualified businesses not included under
2paragraph (1) but located or partially located in the TRID as
3determined by the department or included in the information
4received by the department under section 807(a), the amount
5of eligible State tax paid, less eligible State tax refunds.

6(b) Moves and noninclusions.--

7(1) This subsection applies to a qualified business
8that:

9(i) moves into a zone from within this Commonwealth
10after the baseline year; or

11(ii) is in a zone but not included in the
12calculation of the State baseline tax under subsection
13(a).

14(2) A qualified business subject to paragraph (1) shall
15file a TRID report under section 807 following the end of the
16first full calendar year in which the qualified business
17conducted business in the TRID and each calendar year
18thereafter. The amount of eligible State tax verified by the
19department for the qualified business for the prior calendar
20year shall be added to the State baseline tax amount for the
21zone for the prior calendar year and each year thereafter.

22(3) The calculation under this section may not include
23the eligible taxes of a qualifying business moving into the
24TRID from outside this Commonwealth.

25Section 809. Certification.

26(a) Amounts.--By the October 15 following the baseline year,
27and each year thereafter, the department shall do all of the
28following for the prior calendar year:

29(1) Make the following calculation for qualified
30businesses which file TRID reports under section 807(a),

1separately for each TRID:

2(i) Subtract:

3(A) the amount of eligible State tax refunds
4received; from

5(B) the amount of eligible State tax paid.

6(ii) Subtract:

7(A) the State tax baseline amount for the zone;
8from

9(B) the difference under subparagraph (i).

10(2) Certify to the Office of the Budget the difference
11under paragraph (1)(ii).

12(b) Content.--

13(1) The certification may include the following:

14(i) Adjustment made to timely filed TRID reports by
15the department for eligible State tax actually paid by a
16qualified business in the prior calendar year.

17(ii) Eligible State tax refunds paid to a qualified
18business in the TRID in a prior calendar year.

19(iii) State tax penalties paid by a qualified
20business in the prior year under section 807(b).

21(2) The certification shall not include the following:

22(i) Tax paid by a qualified business that did not
23file a timely TRID report under section 807(a).

24(ii) Tax paid by a qualified business whose tax was
25not included in the State tax baseline amount calculation
26under section 808.

27(iii) Tax paid by a qualifying business not
28appearing on a timely filed list under section 805(a).

29Section 810. Transfers.

30(a) Office.--Within ten days of receiving the certification

1from the department under section 809, the Office of the Budget
2shall direct the State Treasurer to transfer the amount of
3certified eligible TRID tax <-not to exceed $350,000 per annum
4from the General Fund to each TRID fund.

5(b) State Treasurer.--Within ten days of receiving direction
6under subsection (a), the State Treasurer shall pay into the
7TRID fund the amount directed under subsection (a) until bonds
8issued to finance the construction, including related
9infrastructure and site preparation, reconstruction or
10renovation of a facility or other eligible project in the TRID
11are retired.

12(c) Notification.--The following shall apply:

13(1) If the transfers under subsection (a) are
14insufficient to make payments on the bonds issued under
15section 811(a)(1) for the calendar year when the transfers
16are made, the management entity shall notify the Department
17of Community and Economic Development, the Office of the
18Budget and the department of the amount of additional money
19necessary to make payments on the bonds.

20(2) The notification under paragraph (1) must be
21accompanied by a detailed account of the management entity's
22expenditures and the calculation which resulted in the
23request for additional money. The Department of Community and
24Economic Development, the Office of the Budget or the
25department may request additional information from the
26management entity and shall jointly verify the proper amount
27of money necessary to make the payments on the bonds.

28(3) Notwithstanding 53 Pa.C.S. § 5607(e) (relating to
29purposes and powers) within 90 days of the date of the
30notification request, the Office of the Budget shall direct

1the State Treasurer to establish a restricted account within
2the General Fund. The Office of the Budget shall direct the
3State Treasurer to transfer the amount verified under
4paragraph (2) from the General Fund to the restricted account
5for the use of the management entity to make payments on the
6bonds issued under section 811(a)(1).

7(4) Money transferred under paragraph (3):

8(i) shall be limited to <-50% of the State tax
9baseline amount for the calendar year prior to the date
10the amount is verified under paragraph (2), not to exceed
11$10,000,000 <-$100,000; and

12(ii) must occur in the first seven calendar years
13following the baseline year.

14(5) Under extraordinary circumstances, a management
15entity may request money in excess of the limitations under
16paragraph (4)(i). The Department of Community and Economic
17Development, the Office of the Budget and the department
18shall determine whether the circumstances merit additional
19money and the amount to be transferred. The money shall be
20transferred under the procedure under this section.

21(6) Money transferred under paragraph (3) shall be
22repaid to the General Fund by the management entity. If money
23transferred under paragraph (3) is not repaid to the General
24Fund by the management entity by the date of the final
25payment on the bonds originally issued under section
26811(a)(1), the municipality or county and the transit agency
27which established the management entity shall pay, in equal
28shares, the money not repaid to the General Fund plus an
29additional penalty of 10% of the amount outstanding on the
30date of the final payment on the bonds originally issued

1under section 811(a)(1).

2Section 811. Restrictions.

3(a) Utilization.--If the use was approved in an application
4filed under section 802, money transferred under section 810 may
5only be utilized for the following:

6(1) Payment of debt service on bonds issued for the
7construction, including related infrastructure and site
8preparation, reconstruction or renovation of a facility in
9the TRID.

10(2) Construction, including related infrastructure and
11site preparation, reconstruction or renovation of all or a
12part of a facility.

13(3) Replenishment of amounts in debt service reserve
14funds established to pay debt service on bonds.

<-15(4) Employment of an independent auditing firm to
16perform the duties under section 805(c).

17(5) <-(4) Improvement or development of all or part of a
18TRID.

<-19(6) <-(5) Improvement projects, including fixtures and
20equipment for a facility owned by a public authority.

21(b) Prohibition.--Money transferred under section 810 may
22not be utilized for maintenance of a facility.

23(c) Excess money.--

24(1) If the amount of money transferred to the fund under
25section 810 in any one calendar year exceeds the money
26utilized under this section in that calendar year, the
27management entity shall submit by January 15 following the
28end of the calendar year the excess money to the State
29Treasurer for deposit into the General Fund.

30(2) At the time of submission to the State Treasurer,

1the management entity shall submit to the State Treasurer,
2the Office of the Budget and department a detailed accounting
3of the calculation resulting in the excess money.

4(3) The excess money shall be credited to the management
5entity and applied to the amount required to be repaid under
6section 810(c)(6) until there is full repayment.

7(d) Matching funds.--

8(1) The amount of money transferred from the TRID fund
9utilized for the construction, including related site
10preparation and infrastructure, reconstruction or renovation
11of facilities shall be matched by other sources of funding at
12a ratio of two fund dollars to one private dollar.

13(2) By April 1, following the baseline year and for each
14year thereafter, the management entity shall file an annual
15report with the Department of Community and Economic
16Development, the Office of the Budget and the department that
17contains detailed account of the fund money expenditures and
18the expenditures of funds from other sources and a
19calculation of the ratio in paragraph (1) for the prior
20calendar year. The agencies shall determine whether
21sufficient funding from other sources was utilized.

22(3) If it is determined that insufficient funding from
23other sources was utilized under paragraph (1), the amount of
24TRID fund money utilized under paragraph (1) in the prior
25calendar year shall be deducted from the next transfer of the
26fund.

27Section 812. Duration.

28A TRID fund shall be in effect for:

29(1) the amount of time required to complete any approved
30eligible project for which debt was not incurred; or

1(2) a period equal to the length of time for the
2repayment of debt incurred for the TRID, including bonds
3issued. Bonds shall be paid no later than 30 years following
4the initial issuance of the bonds.

5Section 813. Commonwealth pledges.

6(a) Pledge.--If and to the extent the management entity
7pledges amounts required to be transferred to its TRID fund
8under section 810 for payment of bonds issued by the management
9entity, until all bonds secured by the pledge of the management
10entity, together with interest on the bonds, are fully paid or
11provided for, the Commonwealth pledges to and agrees with any
12person, firm, corporation or government agency, in this
13Commonwealth or elsewhere and pledges to and agrees with any
14Federal agency subscribing to or acquiring the bonds of the
15contracting authority that the Commonwealth itself will not, nor
16will it authorize any government entity to, do any of the
17following:

18(1) Abolish or reduce the size of the <-zone <-TRID.

19(2) Amend or repeal section 808 or 809.

20(3) Limit or alter the rights vested in the management
21entity in a manner inconsistent with the obligations of the
22management entity with respect to the bonds issued by the
23management entity.

24(4) Impair revenue to be paid under this chapter to the
25management entity necessary to pay debt service on bonds.

26(b) Limitation.--Nothing under this section shall limit the
27authority of the Commonwealth to change the rate, base or
28subject of a specific tax or to repeal or enact any tax.

29Section 814. Confidentiality.

30(a) Sole use.--A TRID report or certification under this

1chapter shall only be used by the management entity, the
2Department of Community and Economic Development, the Office of
3the Budget or the department to verify the amount of the State
4tax baseline amount calculated under section 809 and State tax
5certification under section 809.

6(b) Prohibition.--Use of a TRID report other than as
7provided under subsection (a) shall be prohibited and shall be
8subject to the law applicable to the confidentiality of tax
9records.

10Section 815. Guidelines.

11By December 31, 2014, the Department of Community and
12Economic Development, the Office of the Budget and the
13department shall develop and publish guidelines necessary to
14implement this chapter.

15Section 4. Section 901 of the act is amended to read:

16Section 901. Public meeting to explain TRID and alternative
17implementation approaches.

18Community and public involvement in the establishment of
19TRIDs is required. The municipality and the public
20transportation agency shall jointly conduct at least one public
21meeting in the proposed TRID area prior to the enactment of a
22TRID[,] and TRID planning study[, comprehensive plan or zoning
23amendment]. The meeting is intended to explain the purpose and
24components of the TRID and the alternative implementation
25approaches. The public meeting or meetings shall be in addition
26to any required local government public hearing or hearings
27prior to comprehensive or multimunicipal plan amendment
28adoption. However, nothing in this act shall relieve the [TRID
29management entity] municipality or public transportation entity
30from conducting all public meetings required by law where the

1TRID is acting or seeking to act under the:

2(1) Act of May 24, 1945 (P.L.991, No.385), known as the
3Urban Redevelopment Law.

4(2) Act of July 11, 1990 (P.L.465, No.113), known as the
5Tax Increment Financing Act.

6(3) Act of December 20, 2000 (P.L.949, No.130), known as
7the Neighborhood Improvement District Act.

8Section 5. This act shall take effect in 60 days.