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Pennsylvania SB525

An Act amending Titles 12 (Commerce and Trade) and 64 (Public Authorities and Quasi-Public Corporations) of the Pennsylvania Consolidated Statutes, further providing for revolving loan program accounts; repealing First Industries Program and Second Stage Loan Program; providing for the Pennsylvania Business Development Authority; imposing duties on the Department of Community and Economic Development; repealing the Small Business First Program, the Machinery and Equipment Loan Program, the First Industries Program and the Second Stage Loan Program; and providing for First Industries Program, for Second Stage Loan Guarantee Program and for transfer from Commonwealth Financing Authority to Pennsylvania Business Development Authority for First Industries Program and Second Stage Loan Guarantee Program.