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Bill > HB1364


PA HB1364

PA HB1364
Providing for Public Transportation Trust Fund transfers and increases; establishing the Road and Bridge Project Fund and the Road and Bridge Project Sinking Fund; authorizing the Commonwealth Financing Authority to issue bonds for road and bridge projects; providing for allocation adjustment; establishing the Transportation Funding Advisory Commission; and imposing duties on the Department of Transportation.


summary

Introduced
04/30/2025
In Committee
06/18/2025
Crossed Over
06/17/2025
Passed
Dead

Introduced Session

Potential new amendment
2025-2026 Regular Session

Bill Summary

Providing for Public Transportation Trust Fund transfers and increases.; ESTABLISHING THE ROAD AND BRIDGE PROJECT FUND AND <-- THE ROAD AND BRIDGE PROJECT SINKING FUND; AUTHORIZING THE COMMONWEALTH FINANCING AUTHORITY TO ISSUE BONDS FOR ROAD AND BRIDGE PROJECTS; PROVIDING FOR ALLOCATION ADJUSTMENT; ESTABLISHING THE TRANSPORTATION FUNDING ADVISORY COMMISSION; AND IMPOSING DUTIES ON THE DEPARTMENT OF TRANSPORTATION.

AI Summary

This bill establishes a comprehensive transportation funding strategy for Pennsylvania by creating new funds, authorizing bond issuances, and forming a Transportation Funding Advisory Commission. Specifically, the bill creates the Road and Bridge Project Fund to finance road and bridge infrastructure improvements and the Road and Bridge Project Sinking Fund to repay related bonds. The Commonwealth Financing Authority is authorized to issue up to $500 million in bonds for transportation projects, with these bonds being tax-exempt and not considered a direct liability of the Commonwealth. The bill also establishes a Transportation Funding Advisory Commission composed of 30-40 members representing various transportation, government, environmental, and industry sectors, tasked with developing a strategic proposal for addressing the state's transportation funding needs. The commission will study potential revenue sources, cost-saving opportunities, and prepare a comprehensive transportation funding proposal, with interim and final reports to be submitted to the Governor and General Assembly by January 1, 2026. Additionally, the bill adjusts the percentage of tax collections that will be deposited into the Public Transportation Trust Fund, initially setting it at 6.15% and later reducing it to 7.9% starting in June 2028, while also providing provisions for increased financial assistance to local transportation organizations.

Committee Categories

Budget and Finance, Transportation and Infrastructure

Sponsors (33)

Last Action

Referred to Transportation (on 06/18/2025)

bill text


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