PRINTER'S NO. 3459
No. 2612 Session of 1980
INTRODUCED BY M. R. CLARK, STEWART, TELEK, YOHN, WASS AND DIETZ,
JUNE 2, 1980
REFERRED TO COMMITTEE ON BUSINESS AND COMMERCE, JUNE 2, 1980
AN ACT
1 Amending the act of April 9, 1929 (P.L.177, No.175), entitled
2 "An act providing for and reorganizing the conduct of the
3 executive and administrative work of the Commonwealth by the
4 Executive Department thereof and the administrative
5 departments, boards, commissions, and officers thereof,
6 including the boards of trustees of State Normal Schools, or
7 Teachers Colleges; abolishing, creating, reorganizing or
8 authorizing the reorganization of certain administrative
9 departments, boards, and commissions; defining the powers and
10 duties of the Governor and other executive and administrative
11 officers, and of the several administrative departments,
12 boards, commissions, and officers; fixing the salaries of the
13 Governor, Lieutenant Governor, and certain other executive
14 and administrative officers; providing for the appointment of
15 certain administrative officers, and of all deputies and
16 other assistants and employes in certain departments, boards,
17 and commissions; and prescribing the manner in which the
18 number and compensation of the deputies and all other
19 assistants and employes of certain departments, boards and
20 commissions shall be determined," authorizing the Department
21 of Commerce to assist persons who have received loans from
22 the Small Business Administration as a result of the Flood of
23 1977, to make interest payments on the loans.
24 The General Assembly of the Commonwealth of Pennsylvania
25 hereby enacts as follows:
26 Section 1. The act of April 9, 1929 (P.L.177, No.175), known
27 as "The Administrative Code of 1929," is amended by adding a
28 section to read:
1 Section 2505-B. Interest on Disaster Loans.--(a) The
2 Department of Commerce shall pay the interest on loans granted
3 by the Small Business Administration as a result of the Flood of
4 1977.
5 (b) The department shall make such rules and regulations as
6 may be necessary to carry out the provisions of this section.
7 Section 2. The sum of $1,250,000 or as much thereof as may
8 be necessary is hereby appropriated to the Department of
9 Commerce for the payment of interest due and payable during the
10 calendar year 1980.
11 Section 3. This act shall take effect immediately.
E30L53RLC/19800H2612B3459 - 2 -