PRINTER'S NO. 2883
No. 2153 Session of 2001
INTRODUCED BY CALTAGIRONE, HASAY, PERZEL, MUNDY, M. BAKER, BARD, BELFANTI, BENNINGHOFF, CAPPELLI, CREIGHTON, CURRY, DALLY, DeLUCA, FAIRCHILD, FICHTER, FREEMAN, GANNON, GEIST, GEORGE, HARHAI, HENNESSEY, HERSHEY, HESS, KELLER, KENNEY, PHILLIPS, ROBERTS, RUBLEY, SATHER, SCHRODER, SCRIMENTI, SEMMEL, SHANER, B. SMITH, SOLOBAY, R. STEVENSON, T. STEVENSON, STURLA, SURRA, TANGRETTI, E. Z. TAYLOR, TRICH, WATSON, WILT, G. WRIGHT AND YOUNGBLOOD, NOVEMBER 15, 2001
REFERRED TO COMMITTEE ON COMMERCE AND ECONOMIC DEVELOPMENT, NOVEMBER 15, 2001
AN ACT 1 Amending the act of April 9, 1929 (P.L.343, No.176), entitled, 2 as amended, "An act relating to the finances of the State 3 government; providing for the settlement, assessment, 4 collection, and lien of taxes, bonus, and all other accounts 5 due the Commonwealth, the collection and recovery of fees and 6 other money or property due or belonging to the Commonwealth, 7 or any agency thereof, including escheated property and the 8 proceeds of its sale, the custody and disbursement or other 9 disposition of funds and securities belonging to or in the 10 possession of the Commonwealth, and the settlement of claims 11 against the Commonwealth, the resettlement of accounts and 12 appeals to the courts, refunds of moneys erroneously paid to 13 the Commonwealth, auditing the accounts of the Commonwealth 14 and all agencies thereof, of all public officers collecting 15 moneys payable to the Commonwealth, or any agency thereof, 16 and all receipts of appropriations from the Commonwealth, 17 authorizing the Commonwealth to issue tax anticipation notes 18 to defray current expenses, implementing the provisions of 19 section 7(a) of Article VIII of the Constitution of 20 Pennsylvania authorizing and restricting the incurring of 21 certain debt and imposing penalties; affecting every 22 department, board, commission, and officer of the State 23 government, every political subdivision of the State, and 24 certain officers of such subdivisions, every person, 25 association, and corporation required to pay, assess, or 26 collect taxes, or to make returns or reports under the laws 27 imposing taxes for State purposes, or to pay license fees or
1 other moneys to the Commonwealth, or any agency thereof, 2 every State depository and every debtor or creditor of the 3 Commonwealth," prohibiting investments in corporations doing 4 business in countries which sponsor terrorism. 5 The General Assembly of the Commonwealth of Pennsylvania 6 hereby enacts as follows: 7 Section 1. The act of April 9, 1929 (P.L.343, No.176), known 8 as The Fiscal Code, is amended by adding a section to read: 9 Section 301.2. Prohibition of Investments in Countries 10 Identified as Sponsors of Terrorism.--No funds shall be invested 11 under this act in any stock or obligation of any corporation 12 doing business, either by itself or through any subsidiary or 13 affiliate, in any country identified by the United States 14 Department of State as a sponsor of foreign terrorist 15 organizations. 16 Section 2. This act shall take effect immediately. J29L72MRD/20010H2153B2883 - 2 -