A04033
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2202
Session of
2024
INTRODUCED BY CONKLIN, HILL-EVANS AND DELLOSO, APRIL 10, 2024
REFERRED TO COMMITTEE ON COMMERCE, APRIL 10, 2024
AN ACT
Amending the act of July 22, 1974 (P.L.598, No.206), entitled
"An act creating the Pennsylvania Minority Business
Development Authority as a governmental instrumentality and
as a body corporate and politic; prescribing the rights,
powers and duties of such authority; authorizing such
authority to acquire by gift or purchase; to make loans,
guarantees or other financial accommodations to minority
business enterprises, to borrow money and issue bonds
therefor, providing for the payment of such bonds and giving
security therefor, prescribing the rights of the holders of
such bonds; providing that no debt of the Commonwealth shall
be incurred in the exercise of any powers granted by this
act; exempting the property and securities of such authority
from taxation; authorizing the authority to enter into
contracts with and to accept grants from the Federal
Government or any agency thereof; providing for the
examination of the accounts and affairs of the authority; and
making an appropriation," further providing for activities
and powers of the authority in general; and establishing the
Minority Business Development Program.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 6(1) of the act of July 22, 1974
(P.L.598, No.206), known as the Pennsylvania Minority Business
Development Authority Act, is amended to read:
Section 6. Activities and Powers of the Authority;
General.--The authority, as a public corporation and
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