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 state leaders, will oversee the allocation of program funds, which are designated for a range of purposes including flood control, disaster response, green infrastructure, redevelopment, and transportation improvements. The Act outlines the Board's powers, meeting protocols, and the process for appointing members, as well as the financial assistance mechanisms available through the program.

Additionally, the Act creates the Rebuild Pennsylvania Fund, which will receive a transfer of $3 billion from the General Fund for the fiscal year 2024-2025. This fund will be used to support the various initiatives outlined in the program, ensuring that all allocated funds remain available for their intended purposes. The Act emphasizes the importance of regional and socioeconomic diversity in funding decisions and allows for matching funds to encourage broader participation in the program. The provisions of the Act are set to take effect immediately upon passage.