Bill Information

An Act amending the act of July 11, 1990 (P.L.465, No.113), known as the Tax Increment Financing Act, defining "blighted property," "prime agricultural land," "wetland" and "wild trout stream"; further defining "finance officer," "governing body," "redevelopment area" and "school district"; further providing for creation of tax increment districts and approval of project plans, for allocation of positive tax increments, for determination of tax increment and tax increment base, for allocation of positive tax increments, for financing of project costs and for reporting requirements; and making an editorial change.