§ 2705. Grant awards generally
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and CommerceEffective: November 25, 2020
Effective: November 25, 2020
73 P.S. § 2705
§ 2705. Grant awards generally
(b) Eligible entities.--A nongovernmental entity with the technical, managerial and financial expertise to design, build and operate a high-speed broadband service infrastructure within this Commonwealth is eligible to receive grant funding for the deployment of high-speed broadband service infrastructure. The nongovernmental entity must commit to using a minimum of 25% of the entity's private capital to finance a proposed project.
(c) Other funding sources.--Federal, State or local government grants, loans or subsidies received by a nongovernmental entity to finance a project shall not be counted toward the capital investment requirement under subsection (b). In addition to any grant award under the program, a nongovernmental entity may use funds from a Federal, State or local government grant or loan program to finance a proposed project as long as the nongovernmental entity satisfies the capital investment requirement under subsection (b).
Credits
2020, Nov. 25, P.L. 1253, No. 132, § 5, imd. effective.
73 P.S. § 2705, PA ST 73 P.S. § 2705
Current through the end of the 2023 Regular Session. Some statute sections may be more current, see credits for details.
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