PRINTER'S NO. 1486
No. 1293 Session of 1989
INTRODUCED BY MICHLOVIC, LEVDANSKY, VAN HORNE, MURPHY, COLAIZZO,
KAISER AND GIGLIOTTI, APRIL 24, 1989
REFERRED TO COMMITTEE ON APPROPRIATIONS, APRIL 24, 1989
AN ACT
1 Amending the act of July 2, 1984 (P.L.568, No.113), entitled "An
2 act providing technical and financial assistance to employee-
3 ownership groups that seek to retain or preserve jobs by
4 restructuring an existing business into an employee-owned
5 enterprise with a substantial prospect of future recovery;
6 providing technical assistance on employee-ownership to
7 existing firms and current employee-owned enterprises in
8 Pennsylvania; and making appropriations," further providing
9 for the final date for approvals.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Section 12 of the act of July 2, 1984 (P.L.568,
13 No.113), known as the Employee-Ownership Assistance Program Act,
14 amended July 9, 1987 (P.L.214, No.36), is amended to read:
15 Section 12. Final date for approvals.
16 No financial assistance under sections 4 and 5 shall be
17 approved after June 30, [1989] 1992.
18 Section 2. This act shall take effect immediately.
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