Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 3000.3044 - Transfer of funds(a)(1) The central city, the central county or any contiguous county, regardless of whether any such county is a participating county, and any special-purpose areawide unit of local government located or operating in whole or in part in any such county may and are hereby authorized to make grants from current and future revenues to the authority and to assist in defraying the costs of managing, operating, maintaining, financing and servicing the debt of regional destination facilities or parts of regional destination facilities, to enter into long-term agreements providing for payment of the costs and to enter into long-term leases or subleases as lessee or sublessee of all or part of a regional destination facility.(2) Such a city or county may issue general obligation bonds for the purpose of obtaining funds for the acquisition or improvement of regional destination facilities or parts of regional destination facilities.(b) The Commonwealth may contribute to the capital costs of constructing regional destination facilities by the issuance of Commonwealth bonds and notes under Article XVI-B of the act of April 9, 1929 (P.L. 343, No. 176), known as "The Fiscal Code." A project undertaken by the authority is hereby deemed to be a redevelopment assistance project under which capital funds of the Commonwealth may be expended under the provisions of the act of May 20, 1949 (P.L. 1633, No. 493), known as the "Housing and Redevelopment Assistance Law," and, notwithstanding any provisions of the "Housing and Redevelopment Assistance Law," the Department of Community and Economic Development is hereby authorized to make capital grants directly to the authority.1955, August 9, P.L. 323, No. 130, § 3044, added 1997, June 18, P.L. 179, No. 18, § 4, imd. effective.