§ 166.4. Reimbursement of Commonwealth aid
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 43 P.S. LaborEffective: July 10, 2006
Effective: July 10, 2006
43 P.S. § 166.4
§ 166.4. Reimbursement of Commonwealth aid
(a) Grants.--As a condition of a grant, the executive agency shall require full repayment of the grant if section 51 applies.
(b) Loans.--As a condition of a loan, the executive agency shall require payment of penalty interest calculated as the difference between the stated interest in the loan agreement and the interest specified in section 202 of the act of January 30, 1974 (P.L. 13, No. 6),2 referred to as the Loan Interest and Protection Law, if section 5 applies. The executive agency may also direct repayment of the loan.
Credits
2006, May 11, P.L. 173, No. 43, § 4, effective in 60 days [July 10, 2006].
43 P.S. § 166.4, PA ST 43 P.S. § 166.4
Current through Act 92 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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