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§ 3919.507. Financial commitment

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 P.S. Taxation and Fiscal Affairs
Chapter 3. State Fiscal Affairs in General (Refs & Annos)
State Debt
Capital Facilities Debt Enabling Act (Refs & Annos)
Chapter 5. Sports Facilities Financing
72 P.S. § 3919.507
§ 3919.507. Financial commitment
Currentness
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.

Credits

1999, Feb. 9, P.L. 1, No. 1, § 507, imd. effective.
72 P.S. § 3919.507, PA ST 72 P.S. § 3919.507
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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