A bill cutting the amount of money Pennsylvania can borrow for economic development projects and to put into law restrictions on how the program operates was passed by state lawmakers Wednesday.
Both the state House and Senate voted unanimously to cut $600 million from the $4.05 billion upper limit on borrowing for the Redevelopment Assistance Capital Program, and a spokesman for Gov. Tom Corbett said he would sign it.
House Majority Leader Mike Turzai says this is the first time the borrowing limit's been reduced since RCAP began in 1999. It was $1.2 billion that year, then increased on five occasions under Gov. Ed Rendell.
Some 8,000 projects have been listed in the nine itemization bills that have been passed over the past 14 years. A bill with a new list of projects is expected to be considered by a legislative committee next week, Turzai said.
Monday July 21st
James B. Huntington, PH.D
Choosing a Lasting Career
The Job-by-Job Outlook for Work's New Age
Work's New Age Blog
Tuesday July 22nd
Wednesday July 23rd
"Weird Al" Yankovic
on his new...
Peavey Electric Guitar
Six-string, lead guitar, with mini-amp, guitar stand
- $100 FIRM
Mark, Altoona SOLD
Saturday July 19th 9am - 4 pm
1108 Holliday Hills Drive, Hollidaysburg
Nice furniture and a few other items
Monday July 14th
Dr. Gabe Mirkin
Dr. Gabe Mirkin on Fitness & Health Facebook page
Dr. Mirkin on Twitter
Tuesday July 15th
Wednesday June 11th
Blair County Strikes Back at Autism