Bill Text: PA HB2399 | 2009-2010 | Regular Session | Introduced

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Bill Title: Further providing for powers of the Commonwealth Financing Authority.

Spectrum: Partisan Bill (Democrat 21-1)

Status: (Engrossed - Dead) 2010-05-26 - Referred to COMMUNITY, ECONOMIC AND RECREATIONAL DEVELOPMENT [HB2399 Detail]

Download: Pennsylvania-2009-HB2399-Introduced.html

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PRINTER'S NO. 3495
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 2399 Session of2010
INTRODUCED BY BRADFORD, CALTAGIRONE, DALEY, EACHUS, GEORGE, GERGELY, GIBBONS, KORTZ, MURPHY, SAINATO AND SIPTROTH, APRIL 7, 2010
REFERRED TO COMMITTEE ON COMMERCE, APRIL 7, 2010
AN ACT
Amending Title 64 (Public Authorities and Quasi-Public
Corporations) of the Pennsylvania Consolidated Statutes,
further providing for powers of the Commonwealth Financing
Authority.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1513(a) of Title 64 of the Pennsylvania
Consolidated Statutes is amended by adding a paragraph to read:
§ 1513. Powers.
(a) Powers.--The authority may do all of the following:
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(29.1) Make contracts and execute instruments which are
necessary or appropriate for the undertaking of the
securitization of loan repayments under the program
established in section 1551 (relating to Business in Our
Sites Program) or such other moneys made available to the
program to be made available for additional loans and grants
for the Business in Our Sites Program.
* * *
Section 2. This act shall take effect in 60 days.
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