Pennsylvania 2023-2024 Regular Session

Pennsylvania Senate Bill SB590

Introduced
1/29/24  

Caption

In development, further providing for bonding.

Impact

The enactment of SB590 could significantly alter the landscape of state funding practices, particularly in how public projects are financed. By providing clearer guidelines and possibly increased bonding capacity, the bill is expected to encourage more substantial investment in local and state infrastructure projects. This could be particularly beneficial for regions facing economic challenges, as improved infrastructure can lead to job creation and economic stimulus within those communities.

Summary

SB590 aims to enhance the existing bonding provisions pertaining to state financing, particularly in the context of infrastructure development. The bill is designed to streamline the bonding process, making it more efficient for state agencies to secure funding for necessary projects. This focus on modernization seeks to ensure that essential infrastructure improvements can be funded more readily, thereby addressing current and future needs across various sectors, including education, transportation, and public safety.

Sentiment

The general sentiment around SB590 has been largely positive, with many stakeholders in favor of increased investment in infrastructure. Proponents argue that the bill will not only improve the quality of public works but will also help stimulate local economies. However, there are concerns among some groups who fear that increased bonding could lead to higher state debt levels or misallocation of resources if not managed properly.

Contention

Key points of contention regarding SB590 include the potential implications for state debt management and the oversight of public funds. Critics argue that while investing in infrastructure is crucial, the approach proposed by SB590 may lack sufficient checks and balances to prevent mismanagement of the increased bonding capacity. This concern underscores the broader debate about how best to finance public projects without overextending the state's financial obligations.

Companion Bills

No companion bills found.

Previously Filed As

PA HB962

In development, further providing for bonding.

PA HB364

In development, further providing for bonding.

PA HB170

In development, further providing for well location restrictions.

PA SB700

In preliminary provisions, providing for advertising and sponsorships; in intermediate units, further providing for school safety and security enhancements; in professional employees, further providing for qualifications; in certification of teachers, further providing for State certificates, for career and technical instruction and for baccalaureate certification basic skills assessment; in Educator Pipeline Support Grant Program, further providing for definitions, for program establishment and duties of agency, for eligibility and for report; in school safety and security, further providing for School Safety and Security Grant Program, for school safety and security coordinator, for Targeted School Safety Grants for Nonpublic Schools and School Entities Program and for school safety and security training and providing for school safety and mental health grants for 2024-2025 school year; in school security, further providing for duties of commission, providing for school security personnel and establishing School Security Personnel Fund; in school security, further providing for duties of commission and providing for school security personnel and for School Security Personnel Fund; in school health services, further providing for vision screening and examinations; in Drug and Alcohol Recovery High School Program, further providing for establishment and payment of tuition; in administrative partnerships between school entities, further providing for legislative intent and for definitions, providing for instructional programming partnerships authorized, for school district feasibility study and for construction and further providing for establishment, for application, for grant awards, for technical assistance, for reports by school entities and for reports by department; in talent recruitment, further providing for Talent Recruitment Account; in charter schools, further providing for definitions, for charter school requirements, for powers of board of trustees, for facilities and for funding for charter schools, providing for funding for cyber charter schools, further providing for enrollment and notification and providing for enrollee wellness checks and for applicability of other provisions of this act and of other acts and regulations; in disability inclusive curriculum, further providing for department responsibilities; in Schools-to-Work-Program, repealing provisions relating to expiration; in community colleges, further providing for financial program and reimbursement of payments; in educational tax credits, further providing for definitions, for qualification and application by organizations, for tax credits and for limitations, repealing provisions relating to opportunity scholarships and providing for economically disadvantaged school scholarships; in course materials at institutions of higher education, repealing provisions relating to College Textbook Policies Advisory Committee; in sexual violence, dating violence, domestic violence and stalking education, prevention and response at institutions of higher education and private licensed schools, further providing for memorandum of understanding; in miscellaneous provisions relating to institutions of higher education, repealing provisions relating to Public Higher Education Funding Commission; in funding for public libraries, providing for State aid for fiscal year 2024-2025; in reimbursements by Commonwealth and between school districts, further providing for payments on account of pupils enrolled in career and technical curriculums and for student-weighted basic education funding, providing for student-weighted basic education funding beginning with 2023-2024 school year, further providing for State reimbursement for health services, for payments to intermediate units, for assistance to school districts declared to be in financial recovery status or identified for financial watch status and for Commonwealth reimbursements for charter schools and cyber charter schools, repealing provisions relating to administrative and instructional consolidation incentives and further providing for Ready-to-Learn Block Grant; in State Board of Education, further providing for powers and duties of the board; in construction and renovation of buildings by school entities, further providing for applicability; in School Environmental Repairs Program, further providing for School Environmental Repairs Program Restricted Account and for School Environmental Repairs Program; and making editorial changes.

PA HB1219

In personal income tax, further providing for classes of income and for special tax provisions for poverty and providing for alternative special tax provisions for poverty; in corporate net income tax, further providing for definitions, for imposition of tax, for reports and payment of tax, for consolidated reports and for manufacturing innovation and reinvestment deduction; in realty transfer tax, further providing for transfer of tax; in tax credit and tax benefit administration, further providing for definitions; in entertainment production tax credit, further providing for definitions, for credit for qualified film production expenses, for carryover, carryback and assignment of credit and for limitations; in Pennsylvania Economic Development for a Growing Economy (PA EDGE) tax credits, providing for biotechnology; in neighborhood assistance tax credit, further providing for tax credit and for grant of tax credit; providing for expanded neighborhood improvement zones; in Pennsylvania Child and Dependent Care Enhancement Tax Credit Program, further providing for credit for child and dependent care employment-related expenses; providing for Public Transportation Trust Fund; and, in general provisions, further providing for underpayment of estimated tax, for method of filing and for allocation of tax credits.

PA SB269

In personal income tax, further providing for imposition of

PA SB581

In development, further providing for well location restrictions.

PA HB477

In development, further providing for hydraulic fracturing chemical disclosure requirements.

PA HB2444

In preliminary provisions, further providing for definitions; in games of chance, further providing for prize limits and for sales limited, providing for pull-tab deals, further providing for distributor licenses, for registration of manufacturers, for regulations of department and for licensing of eligible organizations; in club licensees, further providing for distribution of proceeds; and, in enforcement, further providing for revocation of licenses and providing for other penalties and for licensed eligible organizations subject to audit by Auditor General.

PA HB1003

In development, further providing for well reporting requirements.

Similar Bills

No similar bills found.