Pennsylvania HB747 increases the debt limit for the Business in Our Sites Program from $300 million to $375 million.
HB747 amends Title 64 of the Pennsylvania Consolidated Statutes to raise the debt limit for the Business in Our Sites Program from $300 million to $375 million. This change allows the Commonwealth Financing Authority to incur more debt for the program, which supports business development and retention within the state. The bill specifies that the new debt limit applies to the Business in Our Sites Program, which is detailed in section 1551 of Title 64. The act will take effect 60 days after its passage.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.