§ 393.28. Penalties
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 73 P.S. Trade and Commerce
73 P.S. § 393.28
§ 393.28. Penalties
(a) General rule.--Private companies or private developers who fail to create the number of jobs specified in a funded application or who fail to inject the required amount of private investment into the projects shall be liable for a penalty of up to the full amount of the grant, grant-to-loan or loan awarded by the department unless the penalty is waived by the secretary because the failure is due to circumstances outside the control of the private company or private developer. The penalty shall be payable in one lump sum or in installments, with or without interest, as the secretary deems appropriate.
Credits
1996, July 11, P.L. 677, No. 116, § 8, imd. effective.
73 P.S. § 393.28, PA ST 73 P.S. § 393.28
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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