PRINTER'S NO. 2055
No. 1631 Session of 2007
INTRODUCED BY D. EVANS, JUNE 23, 2007
REFERRED TO COMMITTEE ON APPROPRIATIONS, JUNE 23, 2007
AN ACT 1 Providing for the Pennsylvania Gaming Economic Development and 2 Tourism Fund Capital Budget for 2007-2008; itemizing projects 3 to be assisted by the Department of Community and Economic 4 Development, together with their estimated financial costs; 5 authorizing recurring payments for certain projects; and 6 making appropriations. 7 The General Assembly of the Commonwealth of Pennsylvania 8 hereby enacts as follows: 9 Section 1. Short title. 10 This act shall be known and may be cited as the Pennsylvania 11 Gaming Economic Development and Tourism Fund Capital Budget 12 Itemization Act for 2007-2008. 13 Section 2. Total authorizations from Pennsylvania Gaming 14 Economic Development and Tourism Fund. 15 The total authorization for the projects itemized in section 16 3 for grants by the Department of Community and Economic 17 Development, its successors or assigns, and to be financed from 18 the revenues of the Pennsylvania Gaming Economic Development and 19 Tourism Fund shall be $498,240,000.
1 Section 3. Itemization of Pennsylvania Gaming Economic 2 Development and Tourism Fund projects. 3 Projects for grants by the Department of Community and 4 Economic Development, its successors or assigns, to be financed 5 by the incurring of debt or revenues of the Pennsylvania Gaming 6 Economic Development and Tourism Fund are hereby itemized, 7 together with their respective estimated costs, as follows: 8 Project 9 Project Allocation 10 (2) Allegheny County 11 (i) County projects 12 (A) Retirement of the indebtedness of an 13 urban redevelopment authority in a city 14 of the second class which is financed, 15 in part, with the utilization of funds 16 transferred to the regional asset 17 district pursuant to Article XXXI-B of 18 the act of July 28, 1953 (P.L.723, 19 No.230), known as the Second Class 20 County Code 65,740,000 21 (Base Project Allocation - $65,740,000) 22 (B) Retirement of indebtedness of a 23 convention center in a city of the 24 second class established pursuant to 25 the authority of the act of July 29, 26 1953 (P.L.1034, No.270), known as the 27 Public Auditorium Authorities Law 20,000,000 28 (Base Project Allocation - $20,000,000) 29 (C) Payment of the operating deficit for 30 the operation of a convention center in 20070H1631B2055 - 2 -
1 a city of the second class established 2 pursuant to the Public Auditorium 3 Authorities Law 20,000,000 4 (Base Project Allocation - $20,000,000) 5 (D) Payments related to the construction 6 of a facility designated for use by a 7 professional hockey franchise, 8 including $500,000 to a nonprofit 9 community development fund to fund 10 infrastructure, construction and 11 redevelopment projects 8,000,000 12 (Base Project Allocation - $8,000,000) 13 (E) Debt service and development and 14 economic development projects for an 15 international airport located in a 16 county of the second class 150,000,000 17 (Base Project Allocation - 18 $150,000,000) 19 (F) Distribution to a community 20 infrastructure development fund of a 21 county of the second class to fund 22 construction, development, improvement 23 and maintenance of infrastructure 24 projects 80,000,000 25 (Base Project Allocation - $80,000,000) 26 (G) Retirement of indebtedness and 27 financing of a hotel or convention 28 center in a city of the second class 29 established pursuant to the authority 30 of the Public Auditorium Authorities 20070H1631B2055 - 3 -
1 Law 44,000,000 2 (Base Project Allocation - $44,000,000) 3 (H) Retirement of indebtedness of a county 4 of the second class development fund 5 created pursuant to the authority of 6 Article XXXI-B of the Second Class 7 County Code and the act of May 24, 1945 8 (P.L.991, No.385), known as the Urban 9 Redevelopment Law 30,000,000 10 (Base Project Allocation - $30,000,000) 11 (40) Luzerne County 12 (i) County projects 13 (A) Payments related to the construction 14 and development of a cargo airport, 15 including acquisition, infrastructure 16 and other related costs 16,500,000 17 (Base Project Allocation - $16,500,000) 18 (51) Philadelphia County 19 (i) County projects 20 (A) Reimbursement to the Commonwealth, any 21 other body corporate and politic 22 created by law or a city of the first 23 class to the extent that the 24 Commonwealth, any other body corporate 25 and politic created by law or a city of 26 the first class has made debt service 27 payments for the Pennsylvania 28 Convention Center or has made payments 29 for the operation expenses of the 30 Pennsylvania Convention Center during 20070H1631B2055 - 4 -
1 the prior fiscal year 64,000,000 2 (Base Project Allocation - $64,000,000) 3 Section 4. Duration of payments. 4 Notwithstanding any other provisions of law, the following 5 shall apply to the projects authorized in section 3: 6 (1) The amount allocated to the project described in 7 section 3(2)(i)(A) shall be made through 2014-2015 in annual 8 amounts, not to exceed $7,782,000 each, pursuant to an 9 agreement with the Commonwealth specifying the amounts to be 10 paid each year. The payment for 2014-2015 shall not exceed 11 $11,736,000. 12 (2) The amount allocated to the project described in 13 section 3(2)(i)(C) shall be made in annual amounts, not to 14 exceed $2,000,000, for ten years. However, the amount paid 15 shall not exceed the operating deficit of the David L. 16 Lawrence Convention Center. 17 (3) The amount allocated to the project described in 18 section 3(2)(i)(D) and (40)(i)(A) shall be made in annual 19 amounts, in the amount allocated, for 30 years or the 20 retirement of the debt issued for the project described in 21 section 3(2)(i)(D) and (40)(i)(A), whichever is less. 22 (4) The amount allocated to the projects described in 23 section 3(2)(i)(E) shall be made in annual amounts, not to 24 exceed $15,000,000, for ten years. 25 (5) The amount allocated to the project described in 26 section 3(51)(i)(A) and shall be made in annual amounts, not 27 to exceed the amount allocated, for 30 years or the 28 retirement of the debt issued for the project described in 29 section 3(51)(i)(A), whichever is less. However, the amount 30 paid may not exceed the actual amounts of debt service and 20070H1631B2055 - 5 -
1 operating expenses in any year. Payments made pursuant to 2 section 3(51)(i)(A) which are reimbursements to the General 3 Fund shall be deposited into the Capital Debt Fund for 4 repayment of the debt issued. 5 Section 5. Appropriation. 6 The sums necessary for the annual amounts itemized in 7 sections 3 and 4 are hereby appropriated from the Pennsylvania 8 Gaming Economic Development and Tourism Fund to the Department 9 of Community and Economic Development, upon approval of the 10 Governor, for the projects itemized in this act. 11 Section 6. Special provisions. 12 (a) Notwithstanding the provisions of 4 Pa.C.S. § 1407(d) 13 (relating to Pennsylvania Gaming Economic Development Tourism 14 Fund), the project authorized in section 3(2)(i)(D) shall be 15 eligible for funding from the Pennsylvania Gaming and Economic 16 Development and Tourism Fund in the ten-year period beginning 17 with the first fiscal year during which deposits are made into 18 the fund. 19 (b) Notwithstanding the provisions of 4 Pa.C.S. § 1407(d), 20 the project authorized in section 3(51)(i)(A) shall be eligible 21 for funding from the Pennsylvania Gaming and Economic 22 Development and Tourism Fund in the ten-year period beginning 23 with the first fiscal year during which deposits are made into 24 the fund and may include repayment of bonds issued to replace 25 bonds issued for the Pennsylvania Convention Center, 26 reimbursement of the Pennsylvania Convention Center Authority 27 for bonds issued for the construction of the Pennsylvania 28 Convention Center, or operating expenses of the Pennsylvania 29 Convention Center. 30 (c) Notwithstanding any other law to the contrary, the 20070H1631B2055 - 6 -
1 requirements of section 318 of the act of February 9, 1999 2 (P.L.1, No.1), known as the Capital Facilities Debt Enabling 3 Act, shall provide the sole and exclusive requirements for 4 bidding for the acquisition, development construction of the 5 project in section 3(2)(i)(D). 6 Section 7. Effective date. 7 This act shall take effect immediately. F22L72BIL/20070H1631B2055 - 7 -