PRINTER'S NO. 1297
No. 1149 Session of 1987
INTRODUCED BY BELFANTI, CARN, KUKOVICH, WASS, TIGUE, RYBAK,
WOGAN, J. L. WRIGHT, TRELLO, ITKIN, HASAY, YANDRISEVITS,
CORRIGAN, BLAUM, JOHNSON, KOSINSKI, PUNT, BUNT, MORRIS, VEON,
FISCHER, BELARDI, PETRARCA, LUCYK, BALDWIN, CIVERA, FOX,
PETRONE, SHOWERS, MELIO, PHILLIPS, CLYMER, McHALE, HALUSKA,
BATTISTO, ARGALL, STABACK, HERMAN, CAWLEY, D. W. SNYDER AND
STEVENS, APRIL 27, 1987
REFERRED TO COMMITTEE ON BUSINESS AND COMMERCE, APRIL 27, 1987
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," changing the definition of "industrial
23 development project."
24 The General Assembly of the Commonwealth of Pennsylvania
25 hereby enacts as follows:
26 Section 1. Section 3(i) of the act of May 17, 1956 (1955
1 P.L.1609, No.537), known as the Pennsylvania Industrial
2 Development Authority Act, amended June 16, 1972 (P.L.475,
3 No.153), is amended 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 (including in the
11 case of the garment industry, machinery and equipment)
12 comprising or being connected with or being a part of (i) an
13 industrial enterprise, (ii) a manufacturing enterprise, (iii) a
14 research and development enterprise, or (iv) an agricultural
15 enterprise, established or to be established by an industrial
16 development agency in a critical economic area.
17 * * *
18 Section 2. This act shall take effect immediately.
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