Bill
Bill > HB747
summary
Introduced
03/03/2025
03/03/2025
In Committee
03/03/2025
03/03/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
Amending Title 64 (Public Authorities and Quasi-Public Corporations) of the Pennsylvania Consolidated Statutes, in Commonwealth Financing Authority, further providing for indebtedness.
AI Summary
This bill amends the Pennsylvania Consolidated Statutes to increase the maximum debt limit for the Commonwealth Financing Authority's Business in Our Sites Program from $300 million to $375 million. The Business in Our Sites Program is likely an economic development initiative designed to support business growth and infrastructure development in Pennsylvania. By raising the indebtedness ceiling, the Commonwealth Financing Authority will have greater financial flexibility to provide funding and support for business-related projects. The bill will take effect 60 days after its enactment, giving state agencies and authorities time to prepare for the increased debt authorization. This change represents a $75 million expansion of potential financial support for businesses in the state, which could potentially help stimulate economic development and job creation.
Committee Categories
Business and Industry
Sponsors (8)
John Inglis (D)*,
Heather Boyd (D),
Dan Deasy (D),
José Giral (D),
Keith Harris (D),
Ben Sanchez (D),
Mandy Steele (D),
Dan Williams (D),
Last Action
Referred to Commerce (on 03/03/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...