PASSED

This enacted bill authorizes the Philadelphia Authority for Industrial Development to apply for up to $2 million in Pennsylvania Redevelopment Assistance Capital Program funding for construction, renovations, and exhibits at the Simeone Automotive Foundation Education Center. It also authorizes an agreement with the City and requires the City or project recipients to cover costs above the grant amount and repay the state for certain ineligible expenses or projects not completed on time.

Authorizing the Philadelphia Authority for Industrial Development ("PAID") to file an application with the Office of the Budget, Commonwealth of Pennsylvania, under the Redevelopment Assistance Capital Program, in an aggregate amount not to exceed Two Million Dollars ($2,000,000) to assist in the development of Simeone Automotive Foundation Education Center; and authorizing the City to enter into an agreement with PAID in furtherance of grant requirements; all under certain terms and conditions.