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1996 SESSION

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HB 1216 Development of former federal areas.

Introduced by: Jay Katzen | all patrons    ...    notes | add to my profiles

SUMMARY:

Development of former federal areas. Makes many changes to update the chapter which authorizes the creation of authorities for the development of former federal areas. Also, (i) the purpose of such authorities is expanded to include, in addition to industrial development, job creation, housing, recreational, commercial, educational and other economic and social developments; (ii) the potential sources of financial assistance are expanded to include, besides the federal government, the Commonwealth, localities and any other sources, public or private; and (iii) the maximum bond rate is increased form six to nine percent.


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