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HB 747PENNSYLVANIASession 2025-2026State Billin committee

Pennsylvania House Bill 747 raises Business in Our Sites debt cap to $375 million

Original title: An Act amending Title 64 (Public Authorities and Quasi-Public Corporations) of the Pennsylvania Consolidated Statutes, in Commonwealth Financing Authority, further providing for indebtedness.

Last action · March 3, 2025: Referred to COMMERCE, March 3, 2025Sponsors: John Inglis and 7 others

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

House Bill 747 increases the aggregate debt limit for the 's from $300,000,000 to $375,000,000. The change takes effect in 60 days.

Why it matters

Increases the maximum allowable debt capacity for state-backed economic development and site-reclamation loans by $75 million, altering funding availability for local site-preparation projects.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Commonwealth Financing Authority

The authority's statutory debt capacity for the Business in Our Sites Program is raised by $75 million.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

When does this change take effect?

The act takes effect in 60 days.

What else do you want to know?

News Coverage

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

1 action

Mar 3, 2025HouseCommittee
Referred to COMMERCE, March 3, 2025

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Related Legislation

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