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Senate Bill 635 Printer's Number 1125

PENNSYLVANIA, October 18 - to the land or building.

["Real property." Any agricultural, commercial or industrial

land or building owned by an individual, partnership, limited

liability corporation, corporation or nonprofit. The term does

not include multifamily housing or any residential property.]

"Qualifying commercial property." As follows:

(1) Real property that meets any of the following

criteria:

(i) Any real property that is agricultural,

commercial, industrial or multifamily housing with five

or more units owned by an individual, partnership,

limited liability corporation, corporation or nonprofit.

(ii) A mixed-use real property of any of the

property types under subparagraph (i), whether land or

building.

(2) The term does not include property that is

residential housing with four or fewer units.

"Resiliency improvement." Any fixture, product, system,

equipment, device, material or interacting group of fixtures,

products, systems, equipment, devices or materials intended to

increase resiliency or improve the durability of real property,

including flood mitigation, wind resistance, energy storage,

microgrids and backup power generation or otherwise designated

by a local government entity. ANY RESIDENTIAL PROPERTY, EXCEPT

FOR A COMMERCIAL, MULTIFAMILY RENTAL PROPERTY OR MIXED-USE

PROPERTY WHICH CONTAINS NO LESS THAN FIVE RESIDENTIAL UNITS.

"RESILIENCY IMPROVEMENT." ANY FIXTURE, PRODUCT, SYSTEM,

EQUIPMENT, DEVICE, MATERIAL OR INTERACTING GROUP, THEREOF

INTENDED TO INCREASE RESILIENCE OR IMPROVE THE DURABILITY OF

QUALIFYING COMMERCIAL PROPERTY, NEEDED TO WITHSTAND NATURAL

20210SB0635PN1125 - 4 -

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