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 definitions and for administration of redevelopment assistance capital projects.

Summary

HB 2860 updates Pennsylvania’s Capital Facilities Debt Enabling Act by inserting new definitions and setting clearer rules for how redevelopment assistance capital projects are administered. The changes affect public entities that use the act to finance such projects, aiming to improve consistency and oversight. The bill is currently referred to the House Commerce Committee.

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