An Act amending the act of April 9, 1929 (P.L.177, No.175), known as The Administrative Code of 1929, in energy development authority and emergency powers, redesignating the Energy Development Authority to the Energy Financing Authority; further providing for definitions, for Energy Development Authority, for annual report, for powers and duties and for authority indebtedness; and making editorial changes.

Summary

The bill changes the name of Pennsylvania’s Energy Development Authority to the Energy Financing Authority and revises key definitions of "cost" and "project" used by the agency. It also adds reporting requirements and clarifies that existing contracts, permits and other documents remain valid after the name change. The changes are intended to streamline the agency’s operations without altering its existing powers or obligations.

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