Pennsylvania Act 1992-70 — EMPLOYEE-OWNERSHIP ASSISTANCE PROGRAM ACT - AMEND

Act text

EMPLOYEE-OWNERSHIP ASSISTANCE PROGRAM ACT - AMEND
                  Act of Jun. 30, 1992, P.L. 343, No. 70              Cl. 12
                             Session of 1992
                               No. 1992-70

     SB 1625

                                  AN ACT

     Amending the act of July 2, 1984 (P.L.568, No.113), entitled, as
        amended, "An act providing technical and financial assistance
        to employee-ownership groups that seek to retain or create
        jobs by restructuring an existing or starting a new business
        as an employee-owned enterprise; providing technical
        assistance on employee-ownership to existing and new firms
        and current employee-owned enterprises in Pennsylvania;
        encouraging employee-ownership and employee participation in
        Pennsylvania businesses; and making appropriations,"
        extending the final date for approvals.

        The General Assembly of the Commonwealth of Pennsylvania
     hereby enacts as follows:

        Section 1.  Section 12 of the act of July 2, 1984 (P.L.568,
     No.113), known as the Employee-Ownership Assistance Program Act,
     amended July 10, 1989 (P.L.278, No.47), is amended to read:
      Section 12.  Final date for approvals.
        No financial assistance under sections 4 and 5 shall be
     approved after June 30, [1992] 1995.
        Section 2.  This act shall take effect immediately.

     APPROVED--The 30th day of June, A. D. 1992.

     ROBERT P. CASEY