S0802B0916A01203 SFR:JMT 06/20/23 #90 A01203
AMENDMENTS TO SENATE BILL NO. 802
Sponsor: SENATOR FARRY
Printer's No. 916
Amend Bill, page 2, line 22, by inserting after "established"
and located
Amend Bill, page 3, lines 14 through 21, by striking out all
of said lines and inserting
(1) Provide a startup loan from the fund to one or more
qualified redevelopment authorities in one or more qualified
counties, if the qualified redevelopment authority or
authorities in the qualified county or counties have applied
and the qualified county or counties are in compliance with
all requirements established by the department.
(2) Give priority to a qualified redevelopment authority
in a qualified county with existing municipal blight
programs, if the qualified redevelopment authority has
applied in that qualified county.
Amend Bill, page 3, line 29, by inserting after "property"
by a qualified redevelopment authority
Amend Bill, page 3, line 30, by inserting after
"redevelopment"
of a
Amend Bill, page 4, lines 25 through 28, by striking out all
of said lines and inserting
(3) The department may require the qualified
redevelopment authority to provide collateral sufficient in
the department's determination to protect the Commonwealth's
interest in the startup loan.
Amend Bill, page 5, by inserting between lines 20 and 21
(e) Guidelines.--The department may issue guidelines to
implement this article.
2023/90SFR/SB0802A01203 - 1 -
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