An Act amending the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, in capital facilities, further providing for definitions.

PRINTER'S NO. 1858
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No. 1407
Session of
2026
INTRODUCED BY BROOKS, PICOZZI, BROWN, MASTRIANO, FARRY AND
CULVER, JUNE 26, 2026
REFERRED TO APPROPRIATIONS, JUNE 26, 2026
AN ACT
Amending the act of February 9, 1999 (P.L.1, No.1), entitled "An
act providing for borrowing for capital facilities;
conferring powers and duties on various administrative
agencies and officers; making appropriations; and making
repeals," in capital facilities, further providing for
definitions.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The definition of "redevelopment assistance
capital project" in section 302 of the act of February 9, 1999
(P.L.1, No.1), known as the Capital Facilities Debt Enabling
Act, is amended to read:
Section 302. Definitions.
The following words and phrases when used in this chapter
shall have the meanings given to them in this section unless the
context clearly indicates otherwise:
* * *
"Redevelopment assistance capital project." As follows:
(1) The design and construction of a project which meets
all of the following:
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[(1)] (i) Is a project, including infrastructure
associated with the project. A project does not include
highways, bridges, waste disposal facilities, sewage
facilities or water facilities. This paragraph includes:
[(i)] (A) Storm water, water or sewer
infrastructure, or tunnels, bridges or roads, when
associated with a project that is part of an economic
development project.
[(ii)] (B) Hospital facilities and capital
improvements for hospital facilities.
[(2)] (ii) Is a project which will generate substantial
increases in or maintain current levels of employment, tax
revenues or other measures of economic activity. This
paragraph includes:
[(i)] (A) a community asset project; and
[(ii)] (B) a housing project that will support and
generate economic activity.
[(3)] (iii) Is a project that has a regional or
multijurisdictional impact or, in the case of housing, is
part of a community revitalization plan.
[(4)] (iv) Is eligible for tax-exempt bond funding under
existing Federal law and regulations.
[(5)] (v) Has at least a 50% non-State financial
participation documented at the time of application,
including a portion of any funds reserved for future physical
maintenance and operation of the project:
[(i)] (A) at least half of which is secured
funding;
[(ii)] (B) toward which the only noncash non-State
financial participation permitted is land or fixed assets
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which have a substantial useful life and are directly
related to the project;
[(iii)] (C) toward which State funds from other
programs may not be used; and
[(iv)] (D) toward which funds from Federal sources
may be used.
[(6)] (vi) Has a total project cost of at least
$1,000,000.
[(7)] (vii) (Reserved).
(2) The term includes a fire truck or firefighting
equipment to the extent that the request for assistance does
not exceed $150,000 and the total purchase cost of the fire
truck or firefighting equipment is at least $300,000.
* * *
Section 2. This act shall take effect in 60 days.
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