72 Pa. Stat. § 3919.507

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 3919.507 - Financial commitment

The contracting municipality or contracting authority and the professional sports organization must provide to the office all of the following:

(1) A financial plan for all funding related to the construction or renovation of the facility, to include details regarding the financial commitment of the parties to the project.

(2) An economic development plan for the area surrounding the facility.

(3) A plan to provide affordable seating within a portion of the facility.

(4) A representation from the contracting municipality or contracting authority that tax revenues to the Commonwealth will be increased and a description of how the grant of Commonwealth funds will provide the increase.

72 P.S. § 3919.507

1999, Feb. 9, P.L. 1, No. 1, § 507, imd. effective.