PRIOR PRINTER'S NO. 1134 PRINTER'S NO. 1318
No. 981 Session of 1983
INTRODUCED BY LUCYK, PISTELLA, F. E. TAYLOR, MANDERINO, MRKONIC,
CIMINI, BURD, L. E. SMITH, CAPPABIANCA, DeWEESE, McMONAGLE,
DALEY, OLASZ, MARKOSEK, BROUJOS, BELFANTI, BALDWIN, JOHNSON,
MOEHLMANN, TELEK, SPITZ, DURHAM, BOOK, ROBBINS, RYBAK,
MAIALE, PRATT, BLAUM, COY, MORRIS, D. W. SNYDER, KUKOVICH,
PETRARCA, HALUSKA, ALDERETTE, JAROLIN, SHOWERS, STUBAN,
SEVENTY, KASUNIC, McCALL, FATTAH, GANNON, AND BELARDI,
MAY 10, 1983
AS REPORTED FROM COMMITTEE ON MILITARY AND VETERANS AFFAIRS,
HOUSE OF REPRESENTATIVES, AS AMENDED, JUNE 6, 1983
AN ACT
1 Authorizing the indebtedness, with the approval of the electors
2 of $50,000,000 $100,000,000 for mortgage loans to qualified <--
3 veterans.
4 The Commonwealth of Pennsylvania has taken but a few minor
5 steps to demonstrate its appreciation for the many sacrifices
6 its veterans have given.
7 In these financially troubled times, one of the most
8 paramount problems forcing many persons is the difficulty in
9 obtaining a residential mortgage. The legislature of other
10 states have adopted various forms of financial assistance to
11 their veterans. The State of California adopted a veterans' loan
12 program to ease the economic burden for its veterans. That
13 program has seen well over 325,000 loans made without costing
14 the taxpayers one red cent.
15 The General Assembly of the Commonwealth of Pennsylvania
1 believes that its veterans should be afforded the opportunity of
2 low interest mortgage loans financed solely through a bond
3 issue.
4 The General Assembly of the Commonwealth of Pennsylvania
5 hereby enacts as follows:
6 Section 1. Submission to electors.
7 The question of incurring indebtedness of $50,000,000 <--
8 $100,000,000 for mortgage loans to qualified veterans shall be
9 submitted to the electors at the next primary, municipal or
10 general election following enactment of this act.
11 Section 2. Certification to county boards.
12 The Secretary of the Commonwealth shall forthwith certify the
13 question to the county boards of election.
14 Section 3. Format.
15 The question shall be in substantially the following form:
16 Do you favor the incurring of indebtedness of $50,000,000 <--
17 $100,000,000 for mortgage loans to qualified veterans?
18 Section 4. Conduct of election.
19 The election shall be conducted in accordance with the act of
20 June 3, 1937 (P.L.1333, No.320), known as the Pennsylvania
21 Election Code, except that the time limits for advertisement of
22 notice of the election may be waived as to the question.
23 Section 5. Use of proceeds.
24 Proceeds of borrowing shall be used through mortgage loans to
25 qualified veterans.
26 Section 6. Effective date.
27 This act shall take effect immediately.
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