73 Pa. Stat. § 2042

Current through P.A. Acts 2024-18

Section 2042 - Definitions

The following words and phrases when used in this act shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Commonwealth agency." As defined in 62 Pa.C.S. § 103 (relating to definitions).

"Critical material" or "critical mineral." A material or mineral that:

(1) Has a significant economic importance for key sectors of the State or national economy.

(2) Has a high-supply risk due to import dependence or high levels of concentration in particular countries or regions.

(3) Lacks viable substitutes due to its unique properties and nature.

"Person." An individual, corporation, partnership, limited liability company, business trust, association, estate, trust, foundation, business entity or government entity who is owned or controlled by, or acting for or on behalf of, Russia or Belarus as defined by the Office of Foreign Assets Control of the United States Department of Treasury as of the effective date of this definition.

73 P.S. § 2042

Added by P.L. (number not assigned at time of publication) 2023 No. 57,§ 2, eff. 2/12/2024.