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SB 1407

An Act amending the act of February 9, 1999 (P.L.1, No.1), known as the Capital Facilities Debt Enabling Act, in capital facilities, further providing for definitions.

2025-2026 Regular Session Introduced by Michele Brooks and 5 co-sponsors

SB 1407 updates definitions in the Capital Facilities Debt Enabling Act, shaping who may issue debt, for what projects, and how oversight and financing rules apply.

Referred to Appropriations
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WeVote Research Nonpartisan
Bill Summary · SB 1407

Summary of SB 1407 (2025-2026, Pennsylvania)

Purpose and intent

SB 1407 amends the Capital Facilities Debt Enabling Act, originally enacted February 9, 1999. The bill focuses on capital facilities debt authorities and related definitions, with the aim of clarifying or expanding the statutory framework governing how public authorities or municipalities may incur and manage debt for capital projects. The exact policy goals beyond clarifying definitions are not stated in the provided information, but the bill is framed as an amendment to the act’s definitions section, which typically affects eligibility, oversight, and the mechanics of issuing debt for capital facilities.

Key provisions and changes

Because the bill text is not provided in full, the following points reflect the nature of this type of amendment and what typically changes when definitions within the Capital Facilities Debt Enabling Act are amended:

  • Revisions to definitions: The bill would update or add definitions used throughout the Capital Facilities Debt Enabling Act. This can affect who may issue debt, what constitutes a capital facility, eligible projects, and related terms (e.g., debt instruments, maturities, interest rate methodologies, and security).
  • Scope and applicability: Changes might expand or narrow which entities can utilize debt authorities for capital facilities, and under what circumstances.
  • Compliance and oversight: Amended definitions often interact with reporting, approval processes, and fiduciary standards for issuers and debt managers.
  • Interaction with appropriations: The bill’s current action history shows referral to Appropriations, indicating potential budgetary or fiscal impact considerations may be a factor in advancing or funding debt authorizations.

Affected entities and outcomes

  • Primary impact on: Municipalities, authorities, or other political subdivisions empowered to issue debt for capital facilities under the Act.
  • Stakeholders include: Local government officials, financial officers, bond counsel, rating agencies, and taxpayers who are responsible for or affected by capital facilities debt issuance and repayment.
  • Potential outcomes: If definitions are broadened, more entities or types of projects may qualify for debt financing; if narrowed, certain projects or issuers may become ineligible or require alternative funding mechanisms. Oversight and reporting requirements could also change accordingly.

Procedural and timeline aspects

  • Action history: As of 2026-06-26, SB 1407 has been referred to Appropriations, signaling that fiscal implications or funding considerations are being evaluated as part of the legislative process.
  • Next steps (typical): The bill would move through committee consideration (Appropriations and possibly others such as Local Government, Urban Affairs, or Finance, depending on the bill’s specifics), potential amendments, and floor votes in the Pennsylvania Senate and House before any enactment.
  • Effective date: The summary does not specify an effective date; such provisions, if included, typically become effective on a stated date or upon publication of final rules, or upon enactment.

Notes for readers

  • The current description is based on the bill’s title and its placement within the Capital Facilities Debt Enabling Act. Access to the full bill text would provide precise definitional changes, affected sections, and any fiscal notes attached to the bill.
  • For constituents or entities considering debt plans, monitoring the Appropriations committee’s actions and any fiscal impact statements will be important to understand the bill’s practical implications.

Compiled from official sources — confirm details with the bill’s official record.

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