PRINTER'S NO. 2469
No. 1940 Session of 1987
INTRODUCED BY SWEET, DORR AND CAPPABIANCA, NOVEMBER 16, 1987
REFERRED TO COMMITTEE ON BUSINESS AND COMMERCE,
NOVEMBER 16, 1987
AN ACT
1 Amending the act of May 31, 1956 (1955 P.L.1911, No.635),
2 entitled "An act to promote the welfare of the people of the
3 Commonwealth by rendering financial assistance to industrial
4 development agencies engaged in promoting the development and
5 expansion of business, industry and commerce in the
6 respective counties of the Commonwealth; prescribing
7 procedures for the rendering of such assistance and
8 empowering the Department of Commerce of the Commonwealth to
9 administer the same; and making an appropriation," raising
10 the maximum grant limit.
11 The General Assembly of the Commonwealth of Pennsylvania
12 hereby enacts as follows:
13 Section 1. Section 5 of the act of May 31, 1956 (1955
14 P.L.1911, No.635), known as the Industrial Development
15 Assistance Law, is amended to read:
16 Section 5. Applications for and Approval of Grants to
17 Industrial Development Agencies.--The Department of Commerce is
18 hereby authorized to make grants to recognized industrial
19 development agencies, to assist such agencies in the financing
20 of their operational costs for the purposes of making studies,
21 surveys and investigations, the compilation of data and
1 statistics and in the carrying out of planning and promotional
2 programs: Provided, That, before any such grant may be made,
3 (a) The industrial development agency shall have made
4 application to the Department of Commerce for such grant, and
5 shall have therein set forth the studies proposed to be made,
6 the statistics, data and surveys proposed to be completed, and
7 the program proposed to be undertaken for the purpose of
8 encouraging and stimulating industrial development in the
9 county. The application shall further state, under oath or
10 affirmation, with evidence thereof satisfactory to the
11 department, the amount of funds held by or committed or
12 subscribed to the industrial development agency for application
13 to the purposes herein described and the amount of the grant for
14 which application is made; and
15 (b) The Department of Commerce, after review of the
16 application, if satisfied that the program of the industrial
17 development agency appears to be in accord with the purposes of
18 this act, shall authorize the making of a matching grant to such
19 industrial development agency equal to funds of the agency
20 allocated by it to the program described in its application:
21 Provided, however, That such State grant shall not exceed an
22 amount equal to [one-tenth of] one dollar for each inhabitant of
23 the county or counties represented by such agency as determined
24 by the last preceding decennial United States Census.
25 Section 2. This act shall take effect in 60 days.
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