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§ 1305. General powers and duties of the secretary

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. § 1305
§ 1305. General powers and duties of the secretary
Currentness
The secretary may exercise all powers necessary or appropriate to carry out this act, including the following powers, in addition to others herein granted:
(1) To review all applications for interest deferrals and loan guarantees under this act.
(2) To determine, after consideration of the recommendations of the Secretary of Commerce1 and the committee, which applications for interest deferrals and loan guarantees should be rejected, which applications should be approved, and which applications should be approved subject to special conditions.
(3) To determine, after consideration of the recommendations of the Secretary of Commerce and the committee, the criteria and procedures of the interest deferral and loan guarantee programs.
(4) To conduct examinations necessary to:
(i) the determination of an applicant's eligibility to receive an interest deferral or loan guarantee;
(ii) the determination of the economic viability of the interest deferral or loan guarantee; and
(iii) the power to review the operation of any family farm enterprise that has received an interest deferral or loan guarantee.
(5) In determining eligibility for an interest deferral or a loan guarantee, to consult with the board and staff of any local farm credit association or agricultural stabilization and conservation service office in the area where an applicant resides or where the family farm enterprise is located or proposed to be located.
(6) To determine the information to be provided by the applicant, the lender and the committee.

Credits

1984, July 2, P.L. 537, No. 108, § 5, 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. § 1305, PA ST 3 P.S. § 1305
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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