PRINTER'S NO. 2156
No. 1805 Session of 1993
INTRODUCED BY BAKER, LYNCH, BATTISTO, NAILOR, PETTIT, PERZEL,
MILLER, HENNESSEY, MIHALICH, KASUNIC, ROONEY, E. Z. TAYLOR,
TOMLINSON, STERN, ADOLPH, BARLEY, McCALL, BISHOP, TRELLO,
LEDERER AND EGOLF, JUNE 16, 1993
REFERRED TO COMMITTEE ON TOURISM AND RECREATIONAL DEVELOPMENT,
JUNE 16, 1993
AN ACT
1 Amending the act of May 17, 1956 (1955 P.L.1609, No.537),
2 entitled "An act to promote the welfare of the people of the
3 Commonwealth by the reduction of unemployment in certain
4 areas of the Commonwealth determined to be critical economic
5 areas; providing for the establishment of industrial
6 development projects in such areas; creating The Pennsylvania
7 Industrial Development Authority as a body corporate and
8 politic with power to allocate funds for and make secured
9 loans to industrial development agencies for the payment of a
10 part of the cost of industrial development projects in
11 critical economic areas; authorizing the Authority to enter
12 into agreements with the Government of the United States or
13 any Federal agency or industrial development agency;
14 empowering the Authority to take title to, sell, convey and
15 lease industrial development projects where necessary to
16 protect loans made by the Pennsylvania Industrial Development
17 Authority on industrial development projects; providing that
18 no debt of the Commonwealth, its municipalities or political
19 subdivisions shall be incurred in the exercise of any powers
20 granted by this act; and providing for the examination of the
21 accounts and affairs of the Authority; and making an
22 appropriation," providing for travel and tourism projects.
23 The General Assembly of the Commonwealth of Pennsylvania
24 hereby enacts as follows:
25 Section 1. Section 3(i) of the act of May 17, 1956 (1955
26 P.L.1609, No.537), known as the Pennsylvania Industrial
1 Development Authority Act, amended June 16, 1972 (P.L.475,
2 No.153), is amended and the section is amended by adding a
3 subsection to read:
4 Section 3. Definitions.--The following terms, whenever used
5 or referred to in this act, shall have the following meanings,
6 except in those instances where the context clearly indicates
7 otherwise:
8 * * *
9 (i) The term "industrial development project" shall mean any
10 land, site, structure, facility or undertaking comprising or
11 being connected with or being a part of (i) an industrial
12 enterprise, (ii) a manufacturing enterprise, (iii) a research
13 and development enterprise, [or] (iv) an agricultural
14 enterprise, or (v) a travel and tourism enterprise, established
15 or to be established by an industrial development agency in a
16 critical economic area.
17 * * *
18 (v) The term "travel and tourism enterprise" shall mean a
19 long-term project or activity devoted to the enhancement of this
20 Commonwealth's travel and tourism industry and related
21 recreational activities if it provides full-time, year-round
22 employment and results in the importation of capital to this
23 Commonwealth.
24 Section 2. This act shall take effect in 60 days.
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