PRINTER'S NO. 283
No. 270 Session of 1999
INTRODUCED BY GERLACH, CORMAN, CONTI, KUKOVICH AND WOZNIAK,
FEBRUARY 2, 1999
REFERRED TO FINANCE, FEBRUARY 2, 1999
AN ACT
1 Amending the act of April 9, 1929 (P.L.343, No.176), entitled,
2 as amended, "An act relating to the finances of the State
3 government; providing for the settlement, assessment,
4 collection, and lien of taxes, bonus, and all other accounts
5 due the Commonwealth, the collection and recovery of fees and
6 other money or property due or belonging to the Commonwealth,
7 or any agency thereof, including escheated property and the
8 proceeds of its sale, the custody and disbursement or other
9 disposition of funds and securities belonging to or in the
10 possession of the Commonwealth, and the settlement of claims
11 against the Commonwealth, the resettlement of accounts and
12 appeals to the courts, refunds of moneys erroneously paid to
13 the Commonwealth, auditing the accounts of the Commonwealth
14 and all agencies thereof, of all public officers collecting
15 moneys payable to the Commonwealth, or any agency thereof,
16 and all receipts of appropriations from the Commonwealth,
17 authorizing the Commonwealth to issue tax anticipation notes
18 to defray current expenses, implementing the provisions of
19 section 7(a) of Article VIII of the Constitution of
20 Pennsylvania authorizing and restricting the incurring of
21 certain debt and imposing penalties; affecting every
22 department, board, commission, and officer of the State
23 government, every political subdivision of the State, and
24 certain officers of such subdivisions, every person,
25 association, and corporation required to pay, assess, or
26 collect taxes, or to make returns or reports under the laws
27 imposing taxes for State purposes, or to pay license fees or
28 other moneys to the Commonwealth, or any agency thereof,
29 every State depository and every debtor or creditor of the
30 Commonwealth," limiting approval of bonds for construction of
31 sports-related facilities.
32 The General Assembly of the Commonwealth of Pennsylvania
1 hereby enacts as follows:
2 Section 1. Section 1616.2-B of the act of April 9, 1929
3 (P.L.343, No.176), known as The Fiscal Code, is amended by
4 adding a subsection to read:
5 Section 1616.2-B. Funding and Administration of
6 Redevelopment Assistance Capital Projects.--* * *
7 (i) Notwithstanding the foregoing, no Commonwealth bonds
8 shall be issued for the construction of sports-related
9 facilities with a seating capacity of 30,000 or more, until such
10 time as the General Assembly has established a revenue source
11 composed of such taxes or other assessments on the use of the
12 facilities which is sufficient to reimburse the Commonwealth
13 annually for the outstanding principal and interest on any such
14 indebtedness.
15 Section 2. This act shall take effect immediately.
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