PRINTER'S NO. 3493
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 AND MACKENZIE,
MARCH 23, 2020
REFERRED TO COMMITTEE ON COMMERCE, MARCH 23, 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 authority loans; and making appropriations.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 2507 of the act of June 29, 1996
(P.L.434, No.67), known as the Job Enhancement Act, is amended
to read:
Section 2507. Authority loans.
[The] (a) General rule.-- Subject to the provisions of
subsections (b) and (c), the authority may make loans to
eligible institutions from moneys appropriated to the program on
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