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§ 2107. Penalty

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 12 Pa.C.S.A. Commerce and TradeEffective: February 12, 2004

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 12 Pa.C.S.A. Commerce and Trade (Refs & Annos)
Part III. Economic Development Programs
Chapter 21. Opportunity Grants
Effective: February 12, 2004
12 Pa.C.S.A. § 2107
§ 2107. Penalty
Currentness
(a) Imposition.--Except as provided in subsection (b), the department shall impose a penalty upon a recipient for any of the following:
(1) Failing to create the number of jobs specified in the recipient's application.
(2) Failing to inject the required amount of private matching funds into the project.
(3) Failing to operate at the project site for a minimum period of five years.
(b) Exception.--The department may waive the penalty required by subsection (a) if the department determines that the failure was due to circumstances outside the control of the recipient.
(c) Amount.--The amount of the penalty shall be equal to the full amount of the grant received plus an additional amount of up to 10% of the amount of the grant received. The penalty shall be payable in one lump sum or in installments, with or without interest, as the department deems appropriate.

Credits

2004, Feb. 12, P.L. 99, No. 12, § 2, imd. effective.
12 Pa.C.S.A. § 2107, PA ST 12 Pa.C.S.A. § 2107
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document