An Act amending the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, in capital facilities, further providing for definitions and for appropriation for and limitation on redevelopment assistance capital projects.

This bill updates Pennsylvania's Capital Facilities Debt Enabling Act to clarify what counts as a "redevelopment assistance capital project" and sets specific rules for funding such projects. It directly affects local governments and developers seeking state-backed financing for infrastructure and community improvements by defining eligible projects as those that boost employment, generate tax revenue, and involve at least 50% non-State funding. The legislation excludes major public works like highways and sewage facilities but includes stormwater systems, tunnels, roads, hospitals, and housing developments that support economic activity, provided the total project cost is at least $1 million. Additionally, the bill removes a previous provision that allowed up to $50 million of state funds to be used specifically for constructing housing units. These changes take effect 60 days after the bill is enacted.