Bill Text: PA HB1341 | 2011-2012 | Regular Session | Introduced

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Bill Title: Further providing for funds appropriated to municipalities.

Spectrum: Slight Partisan Bill (Democrat 15-5)

Status: (Introduced - Dead) 2011-04-13 - Referred to TRANSPORTATION [HB1341 Detail]

Download: Pennsylvania-2011-HB1341-Introduced.html

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PRINTER'S NO. 1551
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 1341 Session of2011
INTRODUCED BY PASHINSKI, CALTAGIRONE, CARROLL, COHEN, DALEY, DeLUCA, DONATUCCI, KNOWLES, KORTZ, MAHONEY, MARSICO, MURT, MYERS, ROCK, ROEBUCK, SANTARSIERO, K. SMITH, STURLA AND THOMAS, APRIL 13, 2011
REFERRED TO COMMITTEE ON TRANSPORTATION, APRIL 13, 2011
AN ACT
Amending the act of June 1, 1956 (1955 P.L.1944, No.655),
entitled "An act providing a permanent allocation of a part
of the fuels and liquids fuels tax proceeds to cities,
boroughs, incorporated towns and townships, for their road,
street and bridge purposes; conferring powers and imposing
duties on local officers and the Department of Highways; and
making an appropriation out of the Motor License Fund; and
repealing existing legislation," further providing for funds
appropriated to municipalities.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 4(2.1) of the act of June 1, 1956 (1955
P.L.1944, No.655), referred to as the Liquid Fuels Tax Municipal
Allocation Law, amended February 5, 1982 (P.L.9, No.4), is
amended to read:
Section 4. The money hereby appropriated to municipalities
shall be paid to the municipalities in accordance with the
following formula and subject to the provisions of this act:
* * *
(2.1) Any municipality which issues bonds or obligations in
accordance with [Article VII-A of the act of June 25, 1941
(P.L.159), known as the "Municipal Borrowing Law,"] 53 Pa.C.S.
Pt. VII Subpt. B (relating to indebtedness and borrowing)
exclusively for road or street improvement purposes may expend
all or any portion of the allocated money for interest and
principal payments and sinking fund charges becoming due on such
bonds or obligations. Any municipality which issues bonds or
obligations in accordance with 53 Pa.C.S. Pt. VII Subpt. B
partially for road or street improvement purposes may expend all
or any portion of the allocated money for interest and principal
payments and sinking fund charges for the portion of the bonds
or obligations that relate to road or street improvement
purposes which become due on the bonds or obligations.
* * *
Section 2. This act shall take effect in 60 days.
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