![](data:image/svg+xml;base64,PD94bWwgdmVyc2lvbj0iMS4wIiBlbmNvZGluZz0iVVRGLTgiPz4KPHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHhtbG5zOnhsaW5rPSJodHRwOi8vd3d3LnczLm9yZy8xOTk5L3hsaW5rIiB3aWR0aD0iMTQ4Ny41cHQiIGhlaWdodD0iMTkyNXB0IiB2aWV3Qm94PSIwIDAgMTQ4Ny41IDE5MjUiIHZlcnNpb249IjEuMiI+CjxnIGlkPSJzdXJmYWNlOSI+CjwvZz4KPC9zdmc+Cg==)
REDEVELOPMENT ASSISTANCE CAPITAL PROJECTS EQUALS
$3,150,000,000 OR JULY 1, 2021, WHICHEVER OCCURS FIRST, THE
SUM OF THE MAXIMUM AMOUNT OF OUTSTANDING OBLIGATIONS FOR
REDEVELOPMENT ASSISTANCE PROJECTS SHALL BE DECREASED BY
$50,000,000.
(3) BEGINNING JULY 1, 2022, AND EACH JULY 1 THEREAFTER
UNTIL THE SUM OF THE OUTSTANDING OBLIGATIONS FOR
REDEVELOPMENT ASSISTANCE CAPITAL PROJECTS EQUALS
$2,975,000,000, THE SUM OF THE MAXIMUM AMOUNT OF OUTSTANDING
OBLIGATIONS FOR REDEVELOPMENT ASSISTANCE PROJECTS SHALL BE
DECREASED BY $50,000,000.
SECTION 2.2. REPEALS ARE AS FOLLOWS:
(1) THE GENERAL ASSEMBLY DECLARES THAT THE REPEAL UNDER
PARAGRAPH (2) IS NECESSARY TO EFFECTUATE THE ADDITION OF
SECTION 2.1.
(2) SECTION 317(B) OF THE ACT OF FEBRUARY 9, 1999
(P.L.1, NO.1), KNOWN AS THE CAPITAL FACILITIES DEBT ENABLING
ACT, IS REPEALED.
Section 3. Effective date.
This act shall take effect July 1, 2019, or immediately,
whichever is later.
20190SB0166PN1431 - 3 -
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