PRINTER'S NO. 709
No. 665 Session of 1989
INTRODUCED BY REGOLI, ROSS, O'PAKE, WILLIAMS, STOUT, REIBMAN,
PORTERFIELD, AFFLERBACH, MUSTO, LYNCH, BODACK, STAPLETON,
LINCOLN, MELLOW, ANDREZESKI, BELAN, JONES, LEWIS, FUMO,
DAWIDA, SCANLON, STEWART, PUNT AND WILT, MARCH 13, 1989
REFERRED TO COMMUNITY AND ECONOMIC DEVELOPMENT, MARCH 13, 1989
AN ACT
1 Amending the act of July 2, 1984 (P.L.545, No.109), entitled "An
2 act establishing a loan program for capital development
3 projects; providing for the use of funds made available under
4 the Appalachian Regional Development Act of 1965 and the
5 Public Works and Economic Development Act of 1965; providing
6 for loans, loan guarantees and other programs for capital
7 development projects of small businesses; creating the
8 Capital Loan Fund; providing standards for and requirements
9 of the program; and making appropriations," authorizing
10 financing for child-care facilities.
11 The General Assembly of the Commonwealth of Pennsylvania
12 hereby enacts as follows:
13 Section 1. The definition of "capital development project"
14 or "project" in section 2 of the act of July 2, 1984 (P.L.545,
15 No.109), known as the Capital Loan Fund Act, amended July 9,
16 1986 (P.L.1226, No.111), is amended to read:
17 Section 2. Definitions.
18 The following words and phrases when used in this act shall
19 have the meanings given to them in this section unless the
20 context clearly indicates otherwise:
21 * * *
1 "Capital development project" or "project." Land, buildings,
2 equipment and machinery and working capital which is acquired,
3 constructed, renovated or used by a small business enterprise as
4 part of a for-profit project or venture not of a mercantile or
5 services-related nature, except that small business enterprises
6 shall include export-related services and international export-
7 related mercantile ventures or advanced technology and computer-
8 related services and mercantile ventures which will increase
9 Pennsylvania's national or international market shares. The
10 terms "capital development project" or "project" shall include
11 the construction, renovation or acquisition of child-care
12 facilities.
13 * * *
14 Section 2. This act shall take effect immediately.
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