PRINTER'S NO. 2078
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
1586
Session of
2017
INTRODUCED BY ORTITAY, PHILLIPS-HILL, JOZWIAK, LONGIETTI,
MILLARD AND GROVE, JUNE 20, 2017
REFERRED TO COMMITTEE ON EDUCATION, JUNE 20, 2017
AN ACT
Amending the act of April 9, 1929 (P.L.343, No.176), entitled
"An act relating to the finances of the State government;
providing for the settlement, assessment, collection, and
lien of taxes, bonus, and all other accounts due the
Commonwealth, the collection and recovery of fees and other
money or property due or belonging to the Commonwealth, or
any agency thereof, including escheated property and the
proceeds of its sale, the custody and disbursement or other
disposition of funds and securities belonging to or in the
possession of the Commonwealth, and the settlement of claims
against the Commonwealth, the resettlement of accounts and
appeals to the courts, refunds of moneys erroneously paid to
the Commonwealth, auditing the accounts of the Commonwealth
and all agencies thereof, of all public officers collecting
moneys payable to the Commonwealth, or any agency thereof,
and all receipts of appropriations from the Commonwealth,
authorizing the Commonwealth to issue tax anticipation notes
to defray current expenses, implementing the provisions of
section 7(a) of Article VIII of the Constitution of
Pennsylvania authorizing and restricting the incurring of
certain debt and imposing penalties; affecting every
department, board, commission, and officer of the State
government, every political subdivision of the State, and
certain officers of such subdivisions, every person,
association, and corporation required to pay, assess, or
collect taxes, or to make returns or reports under the laws
imposing taxes for State purposes, or to pay license fees or
other moneys to the Commonwealth, or any agency thereof,
every State depository and every debtor or creditor of the
Commonwealth," in school district debt refinancing bonds,
further providing for sinking fund charges for school
building projects.
The General Assembly of the Commonwealth of Pennsylvania
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hereby enacts as follows:
Section 1. Section 1706-E.2(1) of the act of April 9, 1929
(P.L.343, No.176), known as The Fiscal Code, added April 25,
2016 (P.L.168, No.25), is amended to read:
Section 1706-E.2. Sinking fund charges for school building
projects.
The following shall apply:
(1) All school districts which submitted completed
applications to the department prior to the effective date of
this section, and which vote to proceed with construction and
awarded bids on their construction contracts no later than
July 1, [2019] 2022, shall, as permitted by law, either be
awarded a one-time capital grant, if available, for the
approved project in lieu of approved reimbursement payments
or, if not available, shall receive payments in the form of
reimbursements.
* * *
Section 2. This act shall take effect immediately.
20170HB1586PN2078 - 2 -
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