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Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 850.102. Declaration of policy

Current as of January 01, 2025 | Updated by Findlaw Staff

The General Assembly finds and declares as follows:

(1) The overall purpose and legislative intent of this act is to authorize public transportation agencies throughout this Commonwealth to work cooperatively with counties, local governments, transportation authorities, the private sector and the National Railroad Passenger Corporation (AMTRAK) and other providers of public transportation and passenger rail services to create and designate Transit Revitalization Investment Districts (TRIDs).

(2) The specific purposes and intent of a designated TRID are to:

(i) Promote local, county and regional economic development and revitalization activities through private sector investment, reinvestment and joint development activities in conjunction with public transportation improvements.

(ii) Encourage multimunicipal, cooperative approaches to generate new investment, reinvestment and revitalization through transit-oriented development around rail transit stations and along public transportation corridors.

(iii) Increase overall ridership on public transportation systems, including AMTRAK, while generating additional revenues for current and expanded services, capital improvements and related ongoing maintenance.

(iv) Encourage and support municipal and multimunicipal comprehensive plan implementation, including consistency of plans at the local, county and regional levels.

(v) Stimulate public-private partnerships created by prospective development opportunities around, within or adjacent to the transit system, station areas and transit system components.

(vi) Establish appropriate mechanisms to capture the real estate taxation and other values added by joint development activities for reinvestment in the transit system and local communities.

(vii) Encourage greater community involvement in TRID location, design and implementation and resulting investment activities.

(viii) Promote flexible, cooperative, coordinated and enhanced support for innovative, intermodal solutions in TRID development and implementation activities by municipal officials, public agencies, nonprofit organizations and the private sector.

(ix) Support TRID implementation by maximizing use of existing Federal and State laws and programs that are consistent with the purposes of this act.

(3) There is a lack of funding and knowledge relating to remediation needed at military installations to address PFAS contamination, and there is a need to provide for proper infrastructure in the water systems on military installations and surrounding parcels.

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Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 850.102. Declaration of policy - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-850-102/

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