SB 1414
An Act amending the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, in capital facilities, further providing for administration of redevelopment assistance capital projects.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the Capital Facilities Debt Enabling Act to clarify how redevelopment assistance capital projects are administered. Specifically, it outlines a process for applicants to notify the Secretary of Commonwealth if a project is incomplete and the approved funding cannot be used as originally planned. The Secretary is then restricted from reallocating that unspent grant money to a different county, ensuring funds remain within their initial designated area.
Key provisions
- Applicants must notify the Secretary if a redevelopment assistance capital project cannot be completed.
- The Secretary cannot reallocate unspent grant money to a different county.
- The amendment clarifies the Secretary’s authority regarding project funding.
- It focuses on the administration of redevelopment assistance capital projects.
- It references Section 318 of the Capital Facilities Debt Enabling Act.
Who is affected
- State government agencies
- Applicants for redevelopment assistance capital projects
- Counties receiving redevelopment assistance funds
- The Secretary of Commonwealth
Notable changes
- Restricts the Secretary’s ability to reallocate funds from a project if it’s incomplete.
- Requires notification to the Secretary if a project cannot be completed as planned.
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