§ 17144 — Transfer of money

(a) General rule.--

(1) The central city, the central county or a contiguous county, regardless of if the county is a participating county, and any special-purpose areawide unit of local government located or operating, in whole or in part, in any county may make grants from current and future revenues to the authority and to assist in defraying the costs of managing, operating, maintaining, financing and servicing the debt of regional destination facilities or parts of regional destination facilities, to enter into long-term agreements providing for payment of the costs and to enter into long-term leases or subleases as lessee or sublessee of all or part of a regional destination facility.

(2) The city or county may issue general obligation bonds for the purpose of obtaining money for the acquisition or improvement of regional destination facilities or parts of regional destination facilities.

(b) Contributions.--The Commonwealth may contribute to the capital costs of constructing regional destination facilities by the issuance of Commonwealth bonds and notes under Article XIX-B of the act of March 4, 1971 (P.L.6, No.2), known as the Tax Reform Code of 1971. A project undertaken by the authority is deemed to be a redevelopment assistance project under which capital money of the Commonwealth may be expended under the act of May 20, 1949 (P.L.1633, No.493), known as the Housing and Redevelopment Assistance Law, and, notwithstanding the provisions of the Housing and Redevelopment Assistance Law, the Department of Community and Economic Development may make capital grants directly to the authority.