PRINTER'S NO. 2169
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1535
Session of
2015
INTRODUCED BY KOTIK, CALTAGIRONE, MURT, DAVIS, D. COSTA,
O'BRIEN, DRISCOLL, SCHLOSSBERG, TAYLOR, READSHAW, SCHREIBER,
ROZZI, YOUNGBLOOD, MILLARD, McNEILL, SNYDER, DEASY, ACOSTA,
MATZIE, MAHONEY, HARHAI, TOOHIL, LONGIETTI, PASHINSKI, KORTZ
AND SAINATO, SEPTEMBER 8, 2015
REFERRED TO COMMITTEE ON COMMERCE, SEPTEMBER 8, 2015
AN ACT
Amending Title 64 (Public Authorities and Quasi-Public
Corporations) of the Pennsylvania Consolidated Statutes, in
Commonwealth Financing Authority, further providing for
indebtedness; and establishing the Blight Demolition Bond
Issuance Program.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1543(b) and (d) of Title 64 of the
Pennsylvania Consolidated Statutes are amended to read:
§ 1543. Indebtedness.
* * *
(b) Program limitations.--Indebtedness incurred by the
authority under subsection (a) shall not, in aggregate, exceed
any of the following:
(1) $300,000,000 for the program established in section
1551 (relating to Business in Our Sites Program).
(2) $150,000,000 for the program established in section
1552 (relating to First Industries Program).
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