PRINTER'S NO. 756
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
719
Session of
2019
INTRODUCED BY SHUSTERMAN, SCHLOSSBERG, FREEMAN, KINSEY, HILL-
EVANS, T. DAVIS, NEILSON, YOUNGBLOOD, CALTAGIRONE, OTTEN AND
GALLOWAY, MARCH 6, 2019
REFERRED TO COMMITTEE ON COMMERCE, MARCH 6, 2019
AN ACT
Amending Title 64 (Public Authorities and Quasi-Public
Corporations) of the Pennsylvania Consolidated Statutes, in
Commonwealth Financing Authority, further providing for
Second Stage Loan Program.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1553(a), (d)(2), (e)(1)(ii) and (f) of
Title 64 of the Pennsylvania Consolidated Statutes are amended
and subsection (d) is amended by adding a paragraph to read:
ยง 1553. Second Stage Loan Program.
(a) Establishment.--There is established a program to be
known as the Second Stage Loan Program. The program shall
provide loan guarantees to commercial lending institutions that
make loans to life sciences, advanced technology or
manufacturing businesses located within this Commonwealth.
* * *
(d) Application for guarantee.--A commercial lending
institution enrolled in the program authorized by this section
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