Bill Information

An Act amending the act of December 8, 2004 (P.L.1801, No.238), known as the Transit Revitalization Investment District Act, in general provisions, further providing for definitions; in TRID creation and location, further providing for criteria for proposed TRID, for TRID designation, for implementing authority, for TRID planning study factors, for roles and responsibilities of public transportation agencies and municipalities and for amendments to TRID planning study; in land development powers of public transportation agencies, further providing for development or redevelopment of property and providing for additional powers of management entities and for prohibition on management entities; in value capture approaches, further providing for creation of value capture area and for dedication of tax revenues; providing for grant of TRID revenue and establishing the TRID fund; and, in community involvement, further providing for public meeting to explain TRID and alternative implementation approaches.