Bill > SB1307

This bill establishes the Keystone National Finance Authority, an independent authority of the Commonwealth of Pennsylvania that is intended to promote economic development and efficiency within Pennsylvania and the United States by providing additional means of financing for various projects, including infrastructure, transportation, industrial parks, energy conversion, and other facilities that are conducive to economic activity. The authority will be governed by a board and can issue conduit revenue bonds to finance projects in multiple states or territories. The bonds will not be a debt or liability of the Commonwealth, and the authority will be required to pay any money generated after expenses to the Commonwealth annually. The bill also outlines various powers and duties of the authority, as well as provisions related to the issuance and taxation of the authority's bonds.