§ 400.2701. Purpose
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and CommerceEffective: October 23, 2007
Effective: October 23, 2007
73 P.S. § 400.2701
§ 400.2701. Purpose
A tax-exempt bond allocation formula is established in response to restrictions imposed by section 146 of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 146). Because of the limits on the amounts of tax-exempt bond funding available, this chapter is intended to use the restricted funding available in order to do all of the following:
(7) Prepare the necessary personnel, through a program of educational financial assistance to postsecondary students, their families and others providing educational opportunities to students and their families, to assume the manpower and administrative leadership roles required to carry out the objectives of paragraphs (1) through (6).
(8) Assist in providing multifamily, single-family, continuing care and personal care housing1 for residents of this Commonwealth and in financing the acquisition, construction, rehabilitation, preservation or improvement of that housing.
Credits
1996, June 29, P.L. 434, No. 67, § 2701, added 1998, Nov. 17, P.L. 788, No. 100, § 10, imd. effective. Affected 2007, July 25, P.L. 402, No. 56, § 8(7), effective in 90 days [Oct. 23, 2007].
Footnotes
Reference in this section to personal care home, personal care boarding home, personal care housing or personal care home administrator construed to also include assisted living residence or assisted living residence administrator, pursuant to 2007, July 25, P.L. 402, No. 56, § 8, effective in 90 days [Oct. 23, 2007].
73 P.S. § 400.2701, PA ST 73 P.S. § 400.2701
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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