Pennsylvania HB 229: An Act amending Title 75 (Vehicles) of the Pennsylvania Consolidated Statutes, in general provisions, further providing for definitions; in fees, providing for recreational trailers and for special procedures for trailer registration; and, in size, weight and load, further providing for registered gross weight.

Bill Text

PRINTER'S NO. 182
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 229
Session of
2025
INTRODUCED BY GLEIM, HAMM, LEADBETER, KAUFFMAN, KUZMA AND
ZIMMERMAN, JANUARY 22, 2025
REFERRED TO COMMITTEE ON APPROPRIATIONS, JANUARY 22, 2025
AN ACT
Establishing the Keystone Solvency Operating Study Commission;
and providing for its powers and duties and for a report.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the Keystone
Solvency Operating Study Commission Act.
Section 2. Legislative intent.
The intent of this act is to provide insight into financial
risks relative to unfunded pension liabilities, other
postemployment benefit unfunded liabilities, deferred public
sector infrastructure projects to include deferred maintenance,
municipal solvency concerns, school district solvency concerns,
debt service solvency risks of the Commonwealth, financial
stress testing of the Commonwealth's cash flow projections and
current comprehensive annual financial reports under various
economic scenarios and other financial risks that may come
before the Keystone Solvency Operating Study Commission and
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provide financial analysis of other states considered
financially vulnerable.
Section 3. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Commission." The Keystone Solvency Operating Study
Commission established under section 4.
"Commonwealth." The Commonwealth of Pennsylvania.
"Critical risk factor." Any element of risk of sufficient
magnitude which, if not dealt with, may negatively affect the
ability of the Commonwealth to continue to meet financial
obligations.
"PROMESA." Puerto Rico Oversight, Management, and Economic
Stability Act (Public Law 114-187, 20 U.S.C. § 2101 et seq.).
Section 4. Keystone Solvency Operating Study Commission.
(a) Establishment.--The Keystone Solvency Operating Study
Commission is established as a legislative commission for the
purpose of analyzing the economic conditions of the
Commonwealth, specifically unfunded obligations of school
districts, municipalities and public pension plans. The
commission shall consider unfunded postemployment benefits of
the Commonwealth to determine the impact on operations of other
financial commitments during periods of economic recession. The
study shall ensure that the priority of financial claims is
understood within the framework of the Constitution of
Pennsylvania. The commission shall be comprised of the following
members:
(1) One member appointed by the Governor.
(2) One member appointed by the President pro tempore of
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the Senate.
(3) One member appointed by the Speaker of the House of
Representatives.
(4) One member appointed by the Minority Leader of the
Senate.
(5) One member appointed by the Minority Leader of the
House of Representatives.
(b) Duties.--The commission shall:
(1) Analyze the financial insolvencies under PROMESA and
solvency concerns of other states to determine if the
Commonwealth can become bankrupt or insolvent and to
determine lessons learned on the impact that insolvency
proceedings may have on the Commonwealth's ability to meet
its financial obligations in annual operating budgets.
(2) Assess how insolvency proceedings may affect the
Commonwealth's ability to meet its obligations to make
employer contributions to the Public School Employees'
Retirement System under 24 Pa.C.S. § 8326 (relating to
contributions by the Commonwealth) and to the State
Employees' Retirement System under 71 Pa.C.S. § 5507
(relating to contributions to the system by the Commonwealth
and other employers), including employer contributions
necessary to pay each system's respective unfunded actuarial
accrued liability.
(3) Assess how insolvency proceedings may affect the
ability of the State Employees' Retirement System and the
Public School Employees' Retirement System to pay benefits to
annuitants and beneficiaries.
(4) In consultation with the Independent Fiscal Office,
develop cash flow projections for the immediate five years
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following the effective date of this section. The projections
shall include best case, expected case and worst-case
scenarios to be defined by the Independent Fiscal Office in
the creation of the projections.
(5) Determine critical risk factors of importance to the
Commonwealth for financial well-being and other control
measures to monitor the associated risk factors.
(6) Develop performance metrics for use by the
Independent Fiscal Office to monitor the critical risk
factors identified with the measures published in the
quarterly economic updates from the Independ