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§ 393.31. Restrictions on funding

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 73 P.S. Trade and Commerce (Refs & Annos)
Chapter 12D-1. Infrastructure Development Act (Refs & Annos)
73 P.S. § 393.31
§ 393.31. Restrictions on funding
Currentness
(a) Counties.--No more than 20% of funds available under the Infrastructure Development Program in any fiscal year shall be loaned or granted for projects in any county.
(b) Certain green field projects.--No more than 10% of the funds available under the Infrastructure Development Program in any fiscal year shall be loaned or granted to applicants for green field projects not involving private companies.
(c) Dollar amount.--No individual grant, grant-to-loan or loan shall exceed $1,250,000.
(d) Former industrial sites.--A minimum of 20% of the funds available under the Infrastructure Development Program in any fiscal year shall be approved for a grant, grant-to-loan or loan for projects located on a former industrial site.

Credits

1996, July 11, P.L. 677, No. 116, § 11, imd. effective.
73 P.S. § 393.31, PA ST 73 P.S. § 393.31
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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