PRINTER'S NO. 3399
No. 2482 Session of 1990
INTRODUCED BY COWELL, COLAFELLA, LESCOVITZ, COY, DeWEESE,
HUGHES, BURNS, REINARD, E. Z. TAYLOR, MILLER, FREIND,
YANDRISEVITS, BORTNER, KUKOVICH, TIGUE, WASS, EVANS, ROEBUCK,
BATTISTO, KOSINSKI, SCHULER, GRUITZA, JAROLIN, CAWLEY,
BELARDI, RUDY, DALEY, DAVIES, HERMAN AND FOX, APRIL 23, 1990
REFERRED TO COMMITTEE ON EDUCATION, APRIL 23, 1990
AN ACT
1 Making an appropriation to the Pennsylvania Higher Education
2 Assistance Agency for the purpose of providing an issuer
3 contribution to provide financial support for the
4 continuation of the agency's direct loan program.
5 The General Assembly of the Commonwealth of Pennsylvania
6 hereby enacts as follows:
7 Section 1. The sum of $10,000,000 is hereby specifically
8 appropriated to the Pennsylvania Higher Education Assistance
9 Agency to be transferred at the request of the agency and
10 deposited in the Higher Education Assistance Fund as requested
11 by the agency for payment directly or as reimbursement to the
12 agency for costs incurred as a required issuer contribution
13 associated with the issuance of future tax-exempt debt for the
14 purpose of funding the agency's nonsubsidized Stafford student
15 loan originations beginning July 1, 1990.
16 Section 2. This act shall take effect immediately.
D18L84WMB/19900H2482B3399