§ 400.5102. Transfer of Pennsylvania Capital Loan Fund, accounts, assets and liabilities
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce
73 P.S. § 400.5102
§ 400.5102. Transfer of Pennsylvania Capital Loan Fund, accounts, assets and liabilities
(a) Transfer of existing funds.--As of the effective date of this chapter, all funds, accounts, assets, encumbrances and liabilities located in or associated with the Capital Loan Fund shall be transferred to the Small Business First Fund and shall thereafter be handled in accordance with the provisions of this act. As of the effective date of this chapter, the Capital Loan Fund shall be terminated as a separate account in the Treasury Department.
(b) Transfer of future funds.--Any and all funds received by the department for loans made under the act of July 2, 1984 (P.L. 545, No. 109),1 known as the Capital Loan Fund Act, regardless of whether the loans were made before or after the effective date of this chapter, as well as all other funds received by the department in relation to projects which received loan funds under the Capital Loan Fund Act shall be returned to the Small Business First Fund established by this act.
Credits
1996, June 29, P.L. 434, No. 67, § 5102, effective July 1, 1996.
Footnotes
73 P.S. § 394.1 et seq. (repealed); for provisions relating to the Small Business First Program, see 12 Pa.C.S.A. § 2301 et seq.
73 P.S. § 400.5102, PA ST 73 P.S. § 400.5102
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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