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§ 3118. Disposition of property

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 Pa.C.S.A. Taxation and Fiscal AffairsEffective: August 30, 2021

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 72 Pa.C.S.A. Taxation and Fiscal Affairs
Chapter 31. Microenterprise Assistance
Subchapter B. Microenterprise Loan Programs
Effective: August 30, 2021
72 Pa.C.S.A. § 3118
§ 3118. Disposition of property
Currentness
(a) Public access to inventory.--An administrative entity shall maintain and make available for public review and inspection an inventory of real property held by the administrative entity for the program.
(b) Power.--The administrative entity may convey, exchange, sell, transfer, lease, grant or mortgage interests in real property of the administrative entity in the form and by the method determined by the administrative entity to be in the best interests of the microenterprise loan program.
(c) Consideration.--
(1) The administrative entity shall determine the amount and form of consideration necessary to convey, exchange, sell, transfer, lease as lessor, grant or mortgage interests in real property.
(2) Consideration may take the form of monetary payments and secured financial obligations, covenants and conditions related to the present and future use of the property, contractual commitments of the transferee and other forms of consideration as determined by the administrative entity to be in the best interest of the program.
(d) Policies and procedures.--
(1) An administrative entity shall create policies and procedures providing the general terms and conditions for consideration to be received by the administrative entity for the transfer of real property and interests in real property.
(2) Requirements which may be applicable to the disposition of real property and interests in real property by municipalities shall not be applicable to the disposition of real property and interests in real property by the administrative entity.
(e) Land use plans.--The administrative entity shall consider all adopted land use plans and make reasonable efforts to coordinate the disposition of an administrative entity's real property with the land use plans.

Credits

2021, June 30, P.L. 190, No. 37, § 1, effective in 60 days [Aug. 30, 2021].
72 Pa.C.S.A. § 3118, PA ST 72 Pa.C.S.A. § 3118
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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