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| THE GENERAL ASSEMBLY OF PENNSYLVANIA |
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| HOUSE BILL |
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| INTRODUCED BY BRADFORD, CALTAGIRONE, DALEY, EACHUS, GEORGE, GERGELY, GIBBONS, KORTZ, MURPHY, SAINATO AND SIPTROTH, APRIL 7, 2010 |
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| REFERRED TO COMMITTEE ON COMMERCE, APRIL 7, 2010 |
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| AN ACT |
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1 | Amending Title 64 (Public Authorities and Quasi-Public |
2 | Corporations) of the Pennsylvania Consolidated Statutes, |
3 | further providing for powers of the Commonwealth Financing |
4 | Authority. |
5 | The General Assembly of the Commonwealth of Pennsylvania |
6 | hereby enacts as follows: |
7 | Section 1. Section 1513(a) of Title 64 of the Pennsylvania |
8 | Consolidated Statutes is amended by adding a paragraph to read: |
9 | § 1513. Powers. |
10 | (a) Powers.--The authority may do all of the following: |
11 | * * * |
12 | (29.1) Make contracts and execute instruments which are |
13 | necessary or appropriate for the undertaking of the |
14 | securitization of loan repayments under the program |
15 | established in section 1551 (relating to Business in Our |
16 | Sites Program) or such other moneys made available to the |
17 | program to be made available for additional loans and grants |
18 | for the Business in Our Sites Program. |
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1 | * * * |
2 | Section 2. This act shall take effect in 60 days. |
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