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§ 1309. Sale or conveyance by applicant

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 3 P.S. Agriculture

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 3 P.S. Agriculture (Refs & Annos)
Chapter 18. Agricultural Development Act (Refs & Annos)
3 P.S. § 1309
§ 1309. Sale or conveyance by applicant
Currentness
(a) Obligation due on sale.--Any applicant who sells or conveys the property for which an interest deferral or loan guarantee was granted shall immediately return the entire indebtedness still owed to the lender, if any.
(b) Default.--Any applicant who fails to maintain the land covered by an interest deferral or a loan guarantee for a period of time longer than one year shall be in default. Such a default may be waived by the secretary, after consultation with the committee and the Secretary of Commerce,1 in the event of a physical disability or other extenuating circumstances.

Credits

1984, July 2, P.L. 537, No. 108, § 9, imd. effective.

Footnotes

1
The Secretary of Commerce has been renamed the Secretary of Community and Economic Development. See 71 P.S. § 1709.2103.
3 P.S. § 1309, PA ST 3 P.S. § 1309
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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