Explanatory Note.

Act 14 added Chapter 53 of Title 12 and amended section 3930 of Title 18. § 4. Misappropriations occurring prior to Act 14. This act shall not apply to misappropriation occurring prior to the effective date of this act, including a continuing misappropriation that began prior to the effective date of this act and which continues to occur after the effective date of this act. 2004, NOVEMBER 30, P.L.1708, NO.218 § 6. Applicability. The following shall apply: (1) In order to facilitate the repair or rehabilitation of existing water and wastewater systems, the Commonwealth shall, by December 31, 2005, incur not less than $50,000,000 nor more than $100,000,000 of additional debt from the debt authorized under the act of March 16, 1992 (P.L.10, No.5), known as the Small Water Systems Assistance Act, and approved by the electorate at the April 28, 1992, General Election. The additional debt shall be incurred by the issuance of general obligation bonds issued in accordance with section 17 of the act of March 1, 1988 (P.L.82, No.16), known as the Pennsylvania Infrastructure Investment Authority Act. (2) Proceeds from the sale of bonds required by paragraph (1) shall be transferred to the Pennsylvania Infrastructure Investment Authority. (3) The Pennsylvania Infrastructure Investment Authority shall use the proceeds from the sale of bonds required by paragraph (1) to finance projects of existing water and wastewater systems which, when complete, do any of the following: (i) Repair, rehabilitate or modernize existing water or wastewater systems to meet environmental or public health standards. (ii) Eliminate existing combined or sanitary wastewater overflow problems. (iii) Construct water or wastewater infrastructure to improve public health or eliminate environmental concerns. (iv) Construct wastewater infrastructure utilizing nutrient reduction technology. Explanatory Note. Act 218 amended or added sections 3402, 3404, 3405 and 3406 and Chapter 39 of Title 12. 2013, NOVEMBER 27, P.L.1081, NO.98