PRINTER'S NO. 1686
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
960
Session of
2020
INTRODUCED BY HUGHES, FONTANA, FARNESE, KEARNEY, COSTA,
BREWSTER, TARTAGLIONE, HAYWOOD, STREET AND MUTH, MAY 11, 2020
REFERRED TO APPROPRIATIONS, MAY 11, 2020
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
definitions and for appropriation for and limitation on
redevelopment assistance capital projects.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "redevelopment assistance
capital project" in section 302 of the act of February 9, 1999
(P.L.1, No.1), known as the Capital Facilities Debt Enabling
Act, is amended and the section is amended by adding definitions
to read:
Section 302. Definitions.
The following words and phrases when used in this chapter
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Housing." Includes rental housing.
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"Housing project." A project for the construction,
improvement or renovation of any of the following:
(1) Affordable housing.
(2) Veterans housing.
(3) Domestic violence housing.
(4) Accessible housing.
* * *
"Redevelopment assistance capital project." The design and
construction of a project which meets all of the following:
(1) Is a project, including infrastructure associated
with the project. A project does not include highways,
bridges, waste disposal facilities, sewage facilities or
water facilities. This paragraph includes:
(i) Storm water, water or sewer infrastructure, or
tunnels, bridges or roads, when associated with a project
that is part of an economic development project.
(ii) Hospital facilities and capital improvements
for hospital facilities.
(2) Is a project which will generate substantial
increases in or maintain current levels of employment, tax
revenues or other measures of economic activity. This
paragraph includes[:
(i)] a community asset project[; and
(ii) a housing project that will support and
generate economic activity].
(2.1) Is a housing project.
(3) Is a project that has a regional or
multijurisdictional impact [or, in the case of housing, is
part of a community revitalization plan].
(4) Is eligible for tax-exempt bond funding under
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existing Federal law and regulations.
(5) Has at least a 50% non-State financial participation
documented at the time of application, including a portion of
any funds reserved for future physical maintenance and
operation of the project:
(i) at least half of which is secured funding;
(ii) toward which the only noncash non-State
financial participation permitted is land or fixed assets
which have a substantial useful life and are directly
related to the project;
(iii) toward which State funds from other programs
may not be used; and
(iv) toward which funds from Federal sources may be
used.
(6) Has a total project cost of at least $1,000,000.
(7) (Reserved).
* * *
Section 2. Section 317(c) of the act is amended to read:
Section 317. Appropriation for and limitation on redevelopment
assistance capital projects.
* * *
(c) Housing [units.--An amount not to exceed $50,000,000 of
the amount under subsection (b) may be used for the construction
of housing units.] projects.--A minimum of 10% of the amount
under subsection (b) must be awarded for housing projects. A
minimum of 10% of the funds in each round of awards must be
awarded to housing projects.
Section 3. This act shall take effect in 60 days.
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