Regular Session 2019-2020 House Bill 2369 P.N. 3857

PRIOR PRINTER'S NOS. 3493, 3601

PRINTER'S NO. 3857

THE GENERAL ASSEMBLY OF PENNSYLVANIA

HOUSE BILL

No.

2369

Session of

2020

INTRODUCED BY GAYDOS, SOLOMON, BARRAR, CIRESI, DALEY, A. DAVIS,

DONATUCCI, GROVE, HANBIDGE, HOHENSTEIN, ISAACSON, KULIK,

MALAGARI, MERSKI, MURT, RAVENSTAHL, ROZZI, SANCHEZ,

SCHLOSSBERG, SCHWEYER, STRUZZI, WEBSTER, ZABEL, JONES,

DeLUCA, STAATS, WILLIAMS, HILL-EVANS, MACKENZIE, LONGIETTI,

STEPHENS, ZIMMERMAN, MADDEN, CEPHAS, SHUSTERMAN AND DELLOSO,

MARCH 23, 2020

AS REPORTED FROM COMMITTEE ON FINANCE, HOUSE OF REPRESENTATIVES,

AS AMENDED, MAY 27, 2020

AN ACT

Amending the act of June 29, 1996 (P.L.434, No.67), entitled "An

act to enhance job creation and economic development by

providing for an annual financing strategy, for opportunity

grants, for job creation tax credits, for small business

assistance, for the Small Business Advocacy Council, for a

family savings program, for industrial development

assistance, for community development bank grants and loans

and for tax-exempt bond allocation; conferring powers and

duties on various administrative agencies and authorities;

further providing for various funds; and making repeals," in

Community Development Bank Grant and Loan Program, further

providing for definitions and providing for COVID-19 grant

and loan programs.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 2501 of the act of June 29, 1996

(P.L.434, No.67), known as the Job Enhancement Act, is amended

by adding a definition to read:

Section 2501. Definitions.

The following words and phrases when used in this chapter

shall have the meanings given to them in this section unless the

context clearly indicates otherwise:

* * *

"COVID-19 impacted business." A business materially impacted

by the novel coronavirus, known as COVID-19, identified in the

proclamation of disaster emergency issued by the Governor on

March 6, 2020, published at 50 Pa.B. 1644 (March 21, 2020), and

any renewal of the state of disaster emergency.

* * *

Section 2. The act is amended by adding a section to read:

Section 2512. COVID-19 grant and loan programs.

(a) COVID-19 grant program.--From money appropriated to or

otherwise available to the authority FOR SUCH PURPOSE for grants

under this subsection, the authority shall make money available

to community development financial institutions to make grants

to COVID-19 impacted businesses. Grants under this subsection

shall be used to provide technical assistance, training or other

support. ISSUE GRANTS TO ELIGIBLE INSTITUTIONS TO PROVIDE

TECHNICAL ASSISTANCE, TRAINING OR OTHER SUPPORT TO COVID-19

IMPACTED BUSINESSES.

(b) COVID-19 loan program.--From money appropriated to or

otherwise available to the authority FOR SUCH PURPOSE for loans

under this subsection, the authority shall make money available

to community development financial institutions to make loans to

COVID-19 impacted businesses. PROVIDE LOANS TO ELIGIBLE

INSTITUTIONS FOR THE PURPOSE OF PROVIDING FUNDING TO ELIGIBLE

INSTITUTIONS TO MAKE LOANS TO COVID-19 IMPACTED BUSINESSES.

with the committee, a report to the chairperson and minority

chairperson of the Appropriations Committee of the Senate and

20200HB2369PN3857 - 2 -

<--

the chairperson and minority chairperson of the Appropriations

Committee of the House of Representatives. The report shall

include the amount of money appropriated to the COVID-19 grant

and loan programs under this section, the name and location of

community development financial institutions accredited by the

department and the number of grants and loans disbursed to

COVID-19 impacted businesses.

(d) Prohibition on issuance.--No grants or loans TO ELIGIBLE

INSTITUTIONS may be issued under this section 15 FIVE years

after the effective date of this section.

(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 THE 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.

Section 3. This act shall take effect immediately.

20200HB2369PN3857 - 3 -

<--

<--<--

<--