PRINTER'S NO. 1455
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
930
Session of
2015
INTRODUCED BY TOOHIL, TOPPER, R. BROWN, DUNBAR, GABLER,
LAWRENCE, MENTZER, STEPHENS, BLOOM, COX, CUTLER, GROVE,
IRVIN, KAUFFMAN, MACKENZIE, MILLARD, MILNE, MURT, PICKETT,
SIMMONS AND TURZAI, MAY 6, 2015
REFERRED TO COMMITTEE ON FINANCE, MAY 6, 2015
AN ACT
Amending the act of February 9, 1999 (P.L.1, No.1), entitled "An
act providing for borrowing for capital facilities;
conferring powers and duties on various administrative
agencies and officers; making appropriations; and making
repeals," in capital facilities, further providing for
appropriation for and limitation on redevelopment assistance
capital projects.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 317 of the act of February 9, 1999
(P.L.1, No.1), known as the Capital Facilities Debt Enabling
Act, amended October 25, 2013 (P.L.648, No.77), is amended to
read:
Section 317. Appropriation for and limitation on [redevelopment
assistance] capital projects.
(a) Appropriation.--The amount necessary to pay principal of
and interest on all obligations issued to provide funds for
redevelopment assistance capital projects shall be appropriated
from the General Fund and shall be transferred to the Capital
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Debt Fund upon authorization by the Governor.
(b) Limitation on redevelopment assistance capital project
obligations.--The maximum amount of redevelopment assistance
capital projects undertaken by the Commonwealth for which
obligations are outstanding shall not exceed, in aggregate,
$3,450,000,000.
(b.1) Limitation on additional capital project releases
financed by debt.-- Beginning July 1, 2015, and in each fiscal
year thereafter, the following limitations on releasing,
additional capital projects for funding authorizations financed
by debt shall apply:
(1) The maximum amount of additional public improvement
projects released for funding by the Commonwealth in a fiscal
year shall not exceed $350,000,000.
(2) The maximum amount of additional redevelopment
assistance capital projects released for funding by the
Commonwealth in a fiscal year shall not exceed $125,000,000.
(b.2) Carry forward.--
(1) Subject to the limitations in paragraph (2), in any
fiscal year in which the projects released for funding under
a paragraph under subsection (b.1) are less than the amount
authorized for release under that paragraph, the remaining
amount may be carried forward and added to the following
fiscal year limitation for projects released for funding
under that paragraph.
(2) The amount carried forward under paragraph (1) may
not exceed half of the total amount authorized to be released
for funding in that project category for the previous fiscal
year.
(c) Housing units.--An amount not to exceed $50,000,000 of
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the amount under subsection (b) may be used for the construction
of housing units.
Section 2. This act shall take effect in 60 days.
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