The proposed bill amends Title 3 of the Pennsylvania Consolidated Statutes by establishing a new part titled "Food Security," which includes the "Fresh Food Financing Initiative." This initiative aims to enhance access to fresh food in underserved communities by providing grants to various food-related entities, such as grocery stores, farmers' markets, and retail food establishments. The bill outlines the scope of the initiative, definitions of key terms, and the eligibility criteria for grant applicants, emphasizing the importance of supporting local agricultural products and addressing food deserts.

The bill also details the administration of the program, which will be managed by the Department of Agriculture in collaboration with the Department of Community and Economic Development. It specifies that grants will be available for capital projects and outlines the conditions under which these grants can be awarded, including the requirement for matching private funds for certain applicants. Additionally, the bill establishes a restricted account within the General Fund to manage the financial resources allocated for the initiative, ensuring that funds are used exclusively for the program's purposes. The act is set to take effect immediately upon passage.