H2369B3601A05897 AJB:JMT 05/26/20 #90 A05897
AMENDMENTS TO HOUSE BILL NO. 2369
Sponsor: REPRESENTATIVE WHEATLEY
Printer's No. 3601
Amend Bill, page 4, line 30; page 5, line 1; by striking out
"OR" in line 30 on page 4 and "OTHERWISE AVAILABLE TO" in line 1
on page 5
Amend Bill, page 5, line 1, by inserting after "AUTHORITY"
for such purpose
Amend Bill, page 5, lines 2 through 6, by striking out "MAKE
MONEY AVAILABLE TO" in line 2 and all of lines 3 through 6 and
inserting
issue grants to eligible institutions to provide technical
assistance, training or other support to COVID-19 impacted
businesses.
Amend Bill, page 5, lines 7 and 8, by striking out "TO OR
OTHERWISE AVAILABLE"
Amend Bill, page 5, line 8, by inserting after "AUTHORITY"
for such purpose
Amend Bill, page 5, lines 9 through 11, by striking out "MAKE
MONEY AVAILABLE TO" in line 9 and all of lines 10 and 11 and
inserting
provide loans to eligible institutions for the purpose of
providing funding to eligible institutions to make loans to
COVID-19 impacted businesses.
Amend Bill, page 5, line 22, by inserting after "LOANS"
to eligible institutions
Amend Bill, page 5, line 23, by striking out "15" and
inserting
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FIVE
Amend Bill, page 5, by inserting between lines 24 and 25
(e) Appropriation.--Notwithstanding any other provision of
law and except as provided under subsection (f), funding for the
COVID-19 grant and loan programs under this section shall be
appropria ted from money received by this Commonwealth under the
Federal Coronavirus Aid, Relief, and Economic Security Act
(Public Law 116-136, 134 S tat. 281) for purpose of making grants
and loans under this section.
(f) Administrative costs.--The department may use up to
$700,000 of unencumbered funds from the amount appropriated for
the administrative costs of the COVID-19 grant and loan programs
under this section for the implementation of the COVID-19 grant
and loan programs.
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