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PRINTER'S NO. 3553
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2403
Session of
2020
INTRODUCED BY CEPHAS, ISAACSON, FREEMAN, SCHLOSSBERG, McCARTER,
HOHENSTEIN, ULLMAN, HILL-EVANS, MARKOSEK, MURT, KOSIEROWSKI,
HARRIS, CIRESI, O'MARA, SCHWEYER, SANCHEZ, BURGOS, KENYATTA,
GALLOWAY, DeLUCA, WILLIAMS, STURLA, MALAGARI, DEASY, CONKLIN,
WARREN, ROZZI, NEILSON, HOWARD, READSHAW, FRANKEL, DERMODY
AND GAINEY, APRIL 14, 2020
REFERRED TO COMMITTEE ON FINANCE, APRIL 14, 2020
AN ACT
Amending the act of August 7, 1963 (P.L.549, No.290), entitled
"An act creating the Pennsylvania Higher Education Assistance
Agency; defining its powers and duties; conferring powers and
imposing duties on the Governor, President Pro Tempore of the
Senate, Speaker of the House of Representatives,
Superintendent of Public Instruction and the Department of
Auditor General; and making appropriations," providing for
suspension of interest payment collection.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. The act of August 7, 1963 (P.L.549, No.290),
referred to as the Pennsylvania Higher Education Assistance
Agency Act, is amended by adding a section to read:
Section 4.4. Suspension of Interest Payment Collection.--
Notwithstanding any other law, beginning on the effective date
of this section and continuing until thirty days after the
termination or expiration under 35 Pa.C.S. ยง 7301(c) (relating
to general authority of Governor) of the declaration of disaster
emergency issued by the Governor on March 6, 2020, published at
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50 Pa.B. 1644 (March 21, 2020), and any renewal of the state of
disaster emergency, the agency may not collect interest in
connection with payments for loans otherwise collectible under
this act.
Section 2. This act shall take effect immediately.
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