PRINTER'S NO. 3422
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2783
Session of
2022
INTRODUCED BY WENTLING, ARMANINI, CAUSER, JAMES, TWARDZIK AND
ZIMMERMAN, AUGUST 22, 2022
REFERRED TO COMMITTEE ON COMMERCE, AUGUST 22, 2022
AN ACT
Amending Title 12 (Commerce and Trade) of the Pennsylvania
Consolidated Statutes, in Pennsylvania Industrial Development
Program, further providing for job creation and providing for
terms and repayment of loans.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 3011 of Title 12 of the Pennsylvania
Consolidated Statutes is amended to read:
§ 3011. Job creation and capital investment.
(a) General rule.--The authority shall establish [minimum
levels of job creation for loans under this chapter, or a
requirement that one new job be created for a certain amount of
funds loaned.]:
(1) Minimum levels of job creation or retention which
may include a requirement that one job be created or retained
for a certain amount of funds loaned.
(2) Capital investment requirements for a loan under
this chapter.
(b) Levels of job creation.--In establishing the minimum
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19