PENNSYLVANIA, February 10 - are outstanding shall not exceed, in aggregate,

$3,350,000,000.

(2) Beginning July 1, 2018, and each July 1 thereafter

until the sum of the outstanding obligations for

redevelopment assistance capital projects equals

$3,150,000,000 or July 1, 2023, whichever occurs first, the

sum of the maximum amount of outstanding obligations for

redevelopment assistance projects shall be decreased by

$50,000,000.

(3) Beginning July 1, 2024, and each July 1 thereafter

until the sum of the outstanding obligations for

redevelopment assistance capital projects equals

$2,650,000,000, the sum of the maximum amount of outstanding

obligations for redevelopment assistance projects shall be

decreased by $100,000,000.

(c) Housing units.--An amount not to exceed $50,000,000 of

the amount under subsection [(b)] (b.1) may be used for the

construction of housing units.

Section 2. This act shall take effect immediately.

20210SB0090PN0162 - 2 -

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