PENNSYLVANIA, September 17 - WATERSHED PROTECTION BONDS

Section 501. Authorization to incur indebtedness.

Pursuant to the provisions of section 7(a)(3) of Article VIII

of the Constitution of Pennsylvania, PENNVEST may submit the

question of a bond issuance in the amount of up to

$3,000,000,000 for the protection of watersheds, water

resources, water environments, fresh water sources, the

furthering of water conservation and other water-related

environmental initiatives to the electors at the next election

in the year that PENNVEST decides to issue bonds.

Section 502. Certification.

The Secretary of the Commonwealth shall certify the question

to the county board of elections.

Section 503. Question to electorate.

The question under section 501 shall be in the following

form:

Do you favor authorizing the Commonwealth to incur an

indebtedness of up to $ , to be repaid using funds

generated under the act of (P.L. , No. ), known as the

Pennsylvania Water Resource Act, for the issuance of bonds

for the maintenance and protection of watersheds, water

resources, the furthering of water conservation and other

water-related environmental initiatives?

Section 504. Referendum procedure.

The referendum shall be conducted in accordance with the act

of June 3, 1937 (P.L.1333, No.320), known as the Pennsylvania

Election Code, except that:

(1) the requirements for advertising or notice related

to the question are waived;

(2) the requirements for a statement under section 201.1

20210SB0868PN1073 - 7 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30