HB 2367

                                                PRINTER'S NO.   3148
                THE GENERAL ASSEMBLY OF PENNSYLVANIA
                    HOUSE BILL
                    No. 2367
                                          Session of
                                            2026
INTRODUCED BY BOYD, POWELL, HILL-EVANS, SANCHEZ, PROBST,
   T. DAVIS, MERSKI, BRENNAN, HOWARD, STEELE, DELLOSO, FREEMAN,
   CEPEDA-FREYTIZ, INGLIS, CIRESI, SMITH-WADE-EL AND CURRY,
   APRIL 8, 2026
REFERRED TO COMMITTEE ON HOUSING AND COMMUNITY DEVELOPMENT,
   APRIL 8, 2026
                               AN ACT
1 Amending the act of February 9, 1999 (P.L.1, No.1), entitled "An
2    act providing for borrowing for capital facilities;
3    conferring powers and duties on various administrative
4    agencies and officers; making appropriations; and making
5    repeals," in capital facilities, further providing for
6    definitions and repealing provisions relating to
7    appropriation for and limitation on redevelopment assistance
8    capital projects.
9    The General Assembly of the Commonwealth of Pennsylvania
10 hereby enacts as follows:
11    Section 1.    The definition of "redevelopment assistance
12 capital project" in section 302 of the act of February 9, 1999
13 (P.L.1, No.1), known as the Capital Facilities Debt Enabling
14 Act, is amended to read:
15 Section 302.    Definitions.
16    The following words and phrases when used in this chapter
17 shall have the meanings given to them in this section unless the
18 context clearly indicates otherwise:
19    * * *
1    "Redevelopment assistance capital project."     The design and
2 construction of a project which meets all of the following:
3(1)   Is a project, including infrastructure associated
4    with the project. A project does not include highways,
5    bridges, waste disposal facilities, sewage facilities or
6    water facilities. This paragraph includes:
7(i)    Storm water, water or sewer infrastructure, or
8tunnels, bridges or roads, when associated with a project
9that is part of an economic development project.
10(ii)    Hospital facilities and capital improvements
11for hospital facilities.
12(2)   Is a project which will generate substantial
13    increases in or maintain current levels of employment, tax
14    revenues or other measures of economic activity. This
15    paragraph includes:
16(i)    [a] A community asset project[; and].
17(ii)    [a] A housing project [that will support and
18generate economic activity].
19(3)   Is a project that has a regional or
20    multijurisdictional impact [or, in the case of housing, is
21    part of a community revitalization plan].
22(4)   Is eligible for tax-exempt bond funding under
23    existing Federal law and regulations.
24(5)   Has at least a 50% non-State financial participation
25    documented at the time of application, including a portion of
26    any funds reserved for future physical maintenance and
27    operation of the project:
28(i)    at least half of which is secured funding;
29(ii)    toward which the only noncash non-State
30financial participation permitted is land or fixed assets
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1which have a substantial useful life and are directly
2related to the project;
3(iii)   toward which State funds from other programs
4may not be used; and
5(iv)    toward which funds from Federal sources may be
6used.
7(6)     Has a total project cost of at least $1,000,000.
8(7)     (Reserved).
9    * * *
10    Section 2.       Section 317(c) of the act is repealed:
11 Section 317.       Appropriation for and limitation on redevelopment
12assistance capital projects.
13    * * *
14    [(c)    Housing units.--An amount not to exceed $50,000,000 of
15 the amount under subsection (b) may be used for the construction
16 of housing units.]
17    Section 3.       This act shall take effect in 60 days.
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