PENNSYLVANIA, April 1 - PRINTER'S NO. 1560

THE GENERAL ASSEMBLY OF PENNSYLVANIA

SENATE BILL

No.

1258

Session of

2026

INTRODUCED BY COMITTA, FONTANA, J. WARD, COSTA, KANE, MASTRIANO

AND SCHWANK, APRIL 1, 2026

REFERRED TO FINANCE, APRIL 1, 2026

AN ACT

Amending Title 12 (Commerce and Trade) of the Pennsylvania

Consolidated Statutes, in small business first, further

providing for capital development loans.

The General Assembly of the Commonwealth of Pennsylvania

hereby enacts as follows:

Section 1. Section 2306(c)(1)(i) of Title 12 of the

Pennsylvania Consolidated Statutes is amended to read:

§ 2306. Capital development loans.

* * *

(c) Authority review.--

(1) Within 30 days of receiving a recommendation and a

completed application, the authority shall review the

application. If the authority is satisfied that all

requirements have been met, the authority may approve the

loan request in accordance with the following:

(i) A loan for land, buildings and machinery and

equipment may not exceed [$400,000] $2,000,000 or 50% of

the total capital development project costs, whichever is

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