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PA SB802
PA SB802Establishing the Redevelopment Authority Startup Loan Program and the Redevelopment Authority Startup Fund.
summary
Introduced
06/19/2023
06/19/2023
In Committee
09/18/2023
09/18/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
Potential new amendment
2023-2024 Regular Session
Bill Summary
Amending the act of April 9, 1929 (P.L.343, No.176), entitled "An act relating to the finances of the State government; providing for cancer control, prevention and research, for ambulatory surgical center data collection, for the Joint Underwriting Association, for entertainment business financial management firms, for private dam financial assurance and for reinstatement of item vetoes; providing for the settlement, assessment, collection, and lien of taxes, bonus, and all other accounts due the Commonwealth, the collection and recovery of fees and other money or property due or belonging to the Commonwealth, or any agency thereof, including escheated property and the proceeds of its sale, the custody and disbursement or other disposition of funds and securities belonging to or in the possession of the Commonwealth, and the settlement of claims against the Commonwealth, the resettlement of accounts and appeals to the courts, refunds of moneys erroneously paid to the Commonwealth, auditing the accounts of the Commonwealth and all agencies thereof, of all public officers collecting moneys payable to the Commonwealth, or any agency thereof, and all receipts of appropriations from the Commonwealth, authorizing the Commonwealth to issue tax anticipation notes to defray current expenses, implementing the provisions of section 7(a) of Article VIII of the Constitution of Pennsylvania authorizing and restricting the incurring of certain debt and imposing penalties; affecting every department, board, commission, and officer of the State government, every political subdivision of the State, and certain officers of such subdivisions, every person, association, and corporation required to pay, assess, or collect taxes, or to make returns or reports under the laws imposing taxes for State purposes, or to pay license fees or other moneys to the Commonwealth, or any agency thereof, every State depository and every debtor or creditor of the Commonwealth," establishing the Redevelopment Authority Startup Loan Program and the Redevelopment Authority Startup Fund.
AI Summary
This bill establishes the Redevelopment Authority Startup Loan Program and the Redevelopment Authority Startup Fund. The Redevelopment Authority Startup Loan Program, administered by the Department of Community and Economic Development, will provide startup loans of up to $500,000 to qualified redevelopment authorities in counties other than the first or second class counties to support the purchase, redevelopment, and remediation of residential and commercial properties. The Redevelopment Authority Startup Fund is a revolving loan fund in the State Treasury, which will be initially funded with a $10 million transfer from the General Fund and will be replenished through the repayment of the startup loans. The program aims to support the establishment and activities of redevelopment authorities in qualified counties to address blight and promote economic development.
Committee Categories
Budget and Finance, Housing and Urban Affairs
Sponsors (6)
Frank Farry (R)*,
Jim Brewster (D),
Nick Miller (D),
Tracy Pennycuick (R),
Nikil Saval (D),
Lynda Schlegel-Culver (R),
Last Action
Re-referred to APPROPRIATIONS (on 09/18/2023)
Bill Topics
Community Development and Housing Issues
- ‐ Community and Regional Development
- ‐ Housing and Community Development for Low and Middle Income Persons
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2023&sind=0&body=S&type=B&bn=802 | 06/19/2023 |
| Senate Amendment A01203 (PN 0916) | https://www.legis.state.pa.us/CFDOCS/Legis/HA/Public/HaCheck.cfm?txtType=PDF&sYear=2023&sInd=0&body=S&type=B&bn=0802&pn=0916&aYear=2023&an=01203 | 01/30/2024 |
| BillText | https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=PDF&sessYr=2023&sessInd=0&billBody=S&billTyp=B&billNbr=0802&pn=0937 | 06/21/2023 |
| BillText | https://www.legis.state.pa.us/cfdocs/legis/PN/Public/btCheck.cfm?txtType=PDF&sessYr=2023&sessInd=0&billBody=S&billTyp=B&billNbr=0802&pn=0916 | 06/20/2023 |
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