An Act amending Title 64 (Public Authorities and Quasi-Public Corporations) of the Pennsylvania Consolidated Statutes, in economic development financing, providing for Keystone National Finance Authority.

HB 1989 creates the Keystone National Finance Authority to manage economic development financing in Pennsylvania. This new state agency will replace existing mechanisms under Title 64 for issuing bonds and providing loans to support projects like job creation, infrastructure, and business growth. It directly affects state agencies, local governments, and businesses seeking financing for qualifying economic development initiatives. The bill establishes clear processes for the authority to approve projects, issue debt, and manage funds, streamlining how financing is accessed for public and private development efforts.