BillTrack50 logo
Free Signup Login
Bill

Bill > SB1102

PA SB1102

PA SB1102
Providing for the Budget Impasse Reimbursement Program and for grants to certain eligible entities; and establishing the Budget Impasse Reimbursement Restricted Account.

summary

Introduced
12/04/2025
In Committee
12/04/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 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," providing for the Budget Impasse Reimbursement Program and for grants to certain eligible entities; and establishing the Budget Impasse Reimbursement Restricted Account.

AI Summary

This bill establishes the Budget Impasse Reimbursement Program to help entities that suffered financial losses during a potential budget impasse in 2025 (defined as the period between July 1 and November 12, 2025). The program, administered by the Office of the Budget, will provide grants to eligible entities such as school districts, counties, human services providers, and nonprofits that received Commonwealth funding in the 2024-2025 fiscal year. Eligible entities can apply for reimbursement of documented financing costs or lost interest income directly attributable to the budget delay. The program will be funded by transferring impasse-generated interest from the General Fund, with additional funds from the Budget Stabilization Reserve Fund if needed. Grants will be limited to the actual financial losses experienced by each entity, and recipients must apply within 90 days of the law's effective date. The Office of the Budget will develop application guidelines and must submit a comprehensive report to legislative leaders detailing the total impasse-generated interest, grant amounts, number and types of grant recipients, and the methodology used to calculate grants. The legislation aims to provide financial relief to organizations negatively impacted by potential governmental budget delays.

Committee Categories

Budget and Finance

Sponsors (19)

Last Action

Referred to Finance (on 12/04/2025)

bill text

bill summary

Loading...

bill summary

Loading...
Loading...