PRINTER'S NO. 162
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
90
Session of
2021
INTRODUCED BY CORMAN, ARNOLD, HUTCHINSON AND PITTMAN,
FEBRUARY 10, 2021
REFERRED TO APPROPRIATIONS, FEBRUARY 10, 2021
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
appropriation for and limitation on redevelopment assistance
capital projects.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 317(c) 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 a
subsection to read:
Section 317. Appropriation for and limitation on redevelopment
assistance capital projects.
* * *
(b.1) Limitation. --
(1) Subject to adjustment under paragraph (2) or (3),
the maximum amount of redevelopment assistance capital
projects undertaken by the Commonwealth for which obligations
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are outstanding shall not exceed, in aggregate,
$3,350,000,000.
(2) Beginning July 1, 2018, and each July 1 thereafter
until the sum of the outstanding obligations for
redevelopment assistance capital projects equals
$3,150,000,000 or July 1, 2023, whichever occurs first, the
sum of the maximum amount of outstanding obligations for
redevelopment assistance projects shall be decreased by
$50,000,000.
(3) Beginning July 1, 2024, and each July 1 thereafter
until the sum of the outstanding obligations for
redevelopment assistance capital projects equals
$2,650,000,000, the sum of the maximum amount of outstanding
obligations for redevelopment assistance projects shall be
decreased by $100,000,000.
(c) Housing units.--An amount not to exceed $50,000,000 of
the amount under subsection [(b)] (b.1) may be used for the
construction of housing units.
Section 2. This act shall take effect immediately.
20210SB0090PN0162 - 2 -
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