Pennsylvania SB1407 amends the definition of "redevelopment assistance capital project" to clarify eligibility criteria.

Pennsylvania SB1407 amends the definition of "redevelopment assistance capital project" under the Capital Facilities Debt Enabling Act. The bill specifies that eligible projects must meet criteria such as being part of a community revitalization plan, eligible for tax-exempt bond funding, having at least 50% non-State financial participation, and having a total project cost of at least $1,000,000. The definition also includes certain infrastructure projects and excludes highways, bridges, waste disposal facilities, sewage facilities, or water facilities.

Pennsylvania SB1407 amends the definition of "redevelopment assistance capital project" to clarify eligibility criteria.

Pennsylvania SB1407 amends the definition of "redevelopment assistance capital project" under the Capital Facilities Debt Enabling Act. The bill specifies that eligible projects must meet criteria such as being part of a community revitalization plan, eligible for tax-exempt bond funding, having at least 50% non-State financial participation, and having a total project cost of at least $1,000,000. The definition also includes certain infrastructure projects and excludes highways, bridges, waste disposal facilities, sewage facilities, or water facilities.