Posted: | March 25, 2014 04:33 PM |
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From: | Senator David G. Argall |
To: | All Senate members |
Subject: | Amending the City Revitalization and Improvement Zones Act |
In the near future, I will be introducing legislation that would amend the City Revitalization and Improvement Zones (CRIZ) Act. The act currently does not provide for the designation of any additional CRIZ’s until 2015. My bill would move that schedule forward and authorize the approval of three new zones in 2014 and two additional zones in 2015. My proposal would also increase the number of potential pilot zones (boroughs and townships) from one to four. Finally, the legislation would require the authorizing municipality to decertify all Keystone Opportunity Zones and similar zones within 60 days of approval as a CRIZ. Please contact Jon Hopcraft of my office at 787-2637 or at jhopcraft@pasen.gov with any questions. |
Introduced as SB1354