The Rebuild Pennsylvania Act establishes the Rebuild Pennsylvania Board, the Rebuild Pennsylvania Program, and the Rebuild Pennsylvania Fund to enhance infrastructure and community development across the Commonwealth. The Board, composed of members appointed by various legislative leaders, will oversee the allocation of program funds for a range of purposes, including flood control, disaster response, green infrastructure, redevelopment, and transportation infrastructure. The Act outlines the Board's powers, duties, and operational guidelines, including the requirement for all members to consent to board actions and the ability to participate in meetings via electronic means.

The Rebuild Pennsylvania Fund is created as a separate entity within the State Treasury, with an initial transfer of $3 billion from the General Fund for the fiscal year 2024-2025. This fund will support financial assistance in the form of grants and loans for eligible projects, with a focus on regional and socioeconomic diversity in funding distribution. The Act also emphasizes the importance of matching funds and allows for streamlined applications across multiple grant programs. Overall, the legislation aims to provide significant financial resources for infrastructure improvements and community revitalization efforts throughout Pennsylvania.