DCED

News & Analysis as of

Pennsylvania Senate Local Government Committee Advances Amended Municipal Financial Reform Legislation

On October 22, 2013 the Pennsylvania Senate Local Government Committee voted unanimously to move an amended version of Senate Bill 901, the vehicle for municipal financial reform, out of committee for consideration by the...more

Pennsylvania Senate Local Government Committee Advances Bill No Longer Banning, But Limiting Municipal Interest Rate Swaps

On October 22, 2013 the Pennsylvania Senate Local Government Committee moved an amended version of Senate Bill 903 out of committee for consideration by the full Senate. Senate Bill 903 originally would have prohibited...more

Bipartisan Group of Senators Advance Additional Municipal Debt Reform Legislation

A bipartisan group of Pennsylvania Senators led by Senators John Eichelberger (R) and Rob Teplitz (D), the majority and minority chairs of the Senate’s Local Government Committee, and including Senators Mike Folmer (R) and...more

Senate Proposal Would Dramatically Change Process for DCED Approval of Municipal Debt

A bill has been introduced in the Pennsylvania Senate by Senator Mike Folmer (R-Lebanon) and others which would, among other things, dramatically change the process by which municipal financings are reviewed by the Department...more

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