HARRISBURG – Legislation that would require the Commonwealth Financing Authority (CFA) to conduct business six times per year, on specific dates, sponsored by Speaker of the House Mike Turzai, overwhelmingly passed the House today by a vote of 194-3.
Current law requires the chairperson, a gubernatorial appointee, to schedule meetings of the board. During the last nine years, meetings of the CFA have been delayed or cancelled, for extended timeframes, on five separate occasions.
“Such delays are problematic for everyone involved in project planning and development, right down to our residents who will benefit from proposed economic development,” Turzai said. “As I see it, there is no reason to delay or cancel meetings because board members intend to vote against certain proposed projects. Transparency is an important and required method of operation for this board.”
House Bill 1045
requires the board to meet on the second Tuesday of the months of January, March, May, July, September and November. The chairperson would still have the flexibility to call meetings more frequently than this, as needed.
The bill now goes to the Senate for consideration.
Representative Mike Turzai
Speaker of the House
Pennsylvania House of Representatives
Media Contact: Christine Goldbeck
717.787.7977 (office) 570.205.0736 (cell)