NOTICES

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY

Maximum Loan Amounts and Participation and Interest Rates

[26 Pa.B. 4958]

   The Pennsylvania Industrial Development Authority (PIDA) gives notice of the adoption of maximum PIDA loan amounts and PIDA participation and interest rates for loans approved by the PIDA Board of Directors. The maximum PIDA loan amounts and rates were adopted by the PIDA Board of Directors at its meeting held July 3, 1996, are effective as of that date, except as provided below, and will remain in effect until changed by a notice in the Pennsylvania Bulletin. The rates follow as Annex A.

   Exceptions: (1) Projects located in any county or municipality in which the interest rate has increased or the participation rate has decreased will not be subject to the new rates until October 2, 1996.

   (2)  If the county's 5-year unemployment rate (average of the highest 5 of the last 10 years) is three percentage points or more than the 1995 unemployment rate, the 5-year unemployment rate will be used to determine the PIDA interest rate. This exception affects only the counties of Beaver, Fulton and Mercer resulting in a 3.75% interest rate.

   The PIDA Board retains the right to waive or modify the rates, to the extent that such are not mandated by law, on a case by case basis for good cause shown.

   Further information can be obtained from the Pennsylvania Industrial Development Authority, Room 481, Forum Building, Harrisburg, PA 17120, (717) 787-6245.

THOMAS B. HAGEN,   
Chairperson

Annex A

PIDA Participation and Interest Rates for Counties and Municipalities* Over 25,000 Population

Counties and Municipalities	Maximum PIDA Participation	Interest Rate**
	(S)   %   (L)
ADAMS	40***   30****	6.75
ALLEGHENY	40***   40***	6.75
McKeesport City	40   40	3.75
Pittsburgh City	40   40***	5.25
ARMSTRONG	40   40	3.75
BEAVER	40   40***	3.75
BEDFORD	40   40	3.75
BERKS	40***   40***	6.75
Reading City	40   40***	5.25
BLAIR	40   40***	5.25
BRADFORD	40   40***	5.25
BUCKS	40***   40***	6.75
Bensalem Twp.	40***   40***	5.25
Bristol Twp.	40   40***	5.25
BUTLER	40***   40***	5.25
CAMBRIA	40   40	3.75
CAMERON	40   40***	5.25
CARBON	40   40***	3.75
CENTRE	30****   30****	6.75
CHESTER	40***   30****	6.75
CLARION	40   40	3.75
CLEARFIELD	40   40	3.75
CLINTON	40   40	3.75
COLUMBIA	40   40***	5.25
CRAWFORD	40   40***	5.25
CUMBERLAND	30****   30****	6.75
DAUPHIN	40***   30****	6.75
Harrisburg	40***   30****	5.25
DELAWARE	40***   30****	5.25
Chester City	40   40	3.75
ELK	40***   40***	5.25
ERIE	40   40***	5.25
Erie City	40   40	3.75
FAYETTE	40   40	3.75
FOREST	40   40	3.75
FRANKLIN	40***   30****	6.75
FULTON	40***   40***	3.75
GREENE	40   40	3.75
HUNTINGDON	40   40	3.75
INDIANA	40   40	3.75
JEFFERSON	40   40***	3.75
JUNIATA	40   40	3.75
LACKAWANNA	40   40***	5.25
LANCASTER	30****   30****	6.75
Lancaster City	40***   30****	5.25
LAWRENCE	40   40***	5.25
New Castle City	40   40	3.75
LEBANON	40***   30****	6.75
Lebanon City	40***   30****	5.25
LEHIGH	40***   40***	6.75
Allentown	40   40***	5.25
LUZERNE	40   40***	3.75
LYCOMING	40   40***	5.25
Williamsport City	40   40	3.75
MCKEAN	40   40***	5.25
MERCER	40***   40***	3.75
MIFFLIN	40   40***	5.25
MONROE	40   40***	5.25
MONTGOMERY	40***   30****	6.75
Norristown Boro.	40   30****	5.25
Upper Dublin Twp.	40***   30****	5.25
MONTOUR	30****   30****	6.75
NORTHAMPTON	40***   40***	6.75
Easton City	40   40***	5.25
NORTHUMBERLAND	40   40***	5.25
PERRY	40***   40***	6.75
PHILADELPHIA	40   40***	3.75
PIKE	40   40***	5.25
POTTER	40   40***	5.25
SCHUYLKILL	40   40***	3.75
SNYDER	40***   40***	6.75
SOMERSET	40   40	3.75
SULLIVAN	40   40***	5.25
SUSQUEHANNA	40   40***	5.25
TIOGA	40   40***	5.25
UNION	40***   40***	6.75
VENANGO	40   40***	5.25
WARREN	40***   40***	6.75
WASHINGTON	40   40***	5.25
WAYNE	40   40	3.75
WESTMORELAND	40   40***	5.25
WYOMING	40   40***	5.25
YORK	40***   30****	6.75
York City	40   30****	5.25

*Municipalities are listed only if PIDA rate differs from County rate.

**Based on calendar year 1995 unemployment rate. Subject to change at discretion of PIDA Board.

(S)  Small Business (Less than 50 existing employes, including parent, subsidiaries and affiliates.)

(L)  Large Business.

Special Note: Projects located in designated enterprise zones, planning stage enterprise zones and financially distressed municipalities under Act 47 will receive loans at 3.75%. Companies designated as advanced tech firms will receive an interest rate 1% less than the area rate with a floor of 3.75%.

***10% Equity required.

****20% Equity required.

MID MON VALLEY (Fayette, Washington and Westmoreland Counties)

PIDA Participation:  40%--Small Business
40%--Large Business
Interest Rate:          3.75%

Allenport	Fallowfield Twp.	Roscoe
Belle Vernon	Fayette City	Rostraver Twp.
Bentleyville	Finleyville	Smithton
Brownsville	Forward Twp.*	Speers
Brownsville Twp.	Jefferson Twp.	Stockdale
California	Long Branch	Twilight
Carroll Twp.	Monessen	Union Twp.
Charleroi	Monongahela	Washington Twp.
Coal Center	New Eagle	West Brownsville
Donora	Newell	West Newton
Dunlevy	North Belle Vernon	West Pike Run Twp.
Elco	North Charleroi

LOWER MON VALLEY (Allegheny County)

PIDA Participation:  40%--Small Business
40%--Large Business
Interest Rate:          5.25%

Braddock	Homestead	South Versailles Twp.
Braddock Hills	Jefferson	Swissvale
Chalfant	Liberty	Trafford
Clairton	Lincoln	Turtle Creek
Dravosburg	McKeesport	Versailles
Duquesne	Monroeville	Wall
East McKeesport	Munhall	West Elizabeth
East Pittsburgh	North Braddock	West Homestead
Elizabeth	North Versailles Twp.	West Mifflin
Elizabeth Twp.	Pitcairn	Whitaker
Forest Hills	Pittsburgh	White Oak
Forward Twp.*	Port Vue	Wilkins Twp.
Glassport	Ranklin	Wilmerding

SHENANGO RIVER VALLEY (Lawrence and Mercer Counties)

PIDA Participation:  40%--Small Business
40%--Large Business
Interest Rate:          5.25%

Clark	Jefferson Twp.	Shenango Twp.
Delaware Twp.	Mahoning Twp.	South Pymatuning Twp.
Farrell	Neshannock Twp.	Union Twp.
Greene Twp.	New Castle	West Middlesex
Greenville	Pulaski Twp.	West Salem Twp.
Hempfield	Pymatuning Twp.	Wheatland
Hermitage	Sharon
Jamestown	Sharpsville

(Note: Any municipality located in Mercer County receives 3.75% interest rate.)

BEAVER VALLEY (Beaver County)

PIDA Participation:  40%--Small Business
40%--Large Business**
Interest Rate:          3.75%

Aliquippa	Fallston	New Brighton
Ambridge	Frankfort Springs	New Galilee
Baden	Franklin Twp.	New Sewickley Twp.
Beaver	Freedom	North Sewickley Twp.
Beaver Falls	Georgetown	Ohioville
Big Beaver	Glasgow	Patterson Heights
Bridgewater	Greene Twp.	Patterson Twp.
Brighton Twp.	Hanover Twp.	Potter Twp.
Center Twp.	Harmony Twp.	Pulaski Twp.
Chippewa Twp.	Hookstown	Raccoon Twp.
Conway	Homewood	Rochester
Darlington	Hopewell Twp.	Rochester Twp.
Darlington Twp.	Independence Twp.	Shippingport
Daugherty	Industry	South Beaver Twp.
East Rochester	Koppel	South Heights
East Vale	Marion Twp.	Vanport Twp.
Economy Twp.	Midland	West Mayfield
Ellwood City	Monaca	White Twp.

MOSHANNON VALLEY (Centre and Clearfield Counties)

PIDA Participation:  40%--Small Business
40%--Large Business
Interest Rate:          3.75%

Beccaria Twp.	Bigler Twp.	Boggs Twp.
Bradford Twp.	Brisbin Bor.	Chester Hill Bor.
Coalport Bor.	Cooper Twp.	Decatur Twp.
Glen Hope Bor.	Graham Twp.	Gulich Twp.
Houtzdale Bor.	Irvona Bor.	Jordan Twp.
Knox Twp.	Morris Twp.	Osceola Mills Bor.
Philipsburg Bor.	Ramey Bor.	Rush Twp.
South Philipsburg Bor.	Wallaceton Bor.	Woodward Twp.

*Forward Twp. is eligible for 3.75% interest and 40/40% participation.

**10% Equity required.

[Pa.B. Doc. No. 96-1725. Filed for public inspection October 11, 1996, 9:00 a.m.]

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