NOTICES

PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY

Participation and Interest Rates

[30 Pa.B. 4872]

   The Pennsylvania Industrial Development Authority (PIDA) gives notice of the adoption of PIDA participation and interest rates for loans approved by the PIDA Board of Directors. The rates, which were adopted by the PIDA Board of Directors at its meeting held June 7, 2000, are effective as of July 1, 2000, and will remain in effect until changed by a notice in the Pennsylvania Bulletin, with the following exception: 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 4, 2000. The rates are attached as Appendix A.

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

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

SAMUEL A. MCCULLOUGH,   
Chairperson

PIDA

PARTICIPATION AND INTEREST RATES
FOR COUNTIES AND MUNICIPALITIES*
OVER 25,000 POPULATION

Effective July 2000 through June 2001

	Maximum
	PIDA		Interest
	Participation		Rate**
	(S) % (L)		%
ADAMS	30 ****	30 ****	5.25
ALLEGHENY	30 ****	30 ****	5.25
McKeesport City	50	30 ****	3.75
Penn Hills Twp.	40 ***	30 ****	5.25
Pittsburgh City	40 ***	30 ****	5.25
West Mifflin Boro	40 ***	30 ****	5.25
ARMSTRONG	50	40 ***	3.75
BEAVER	40 ***	40 ***	5.25
BEDFORD	50	40 ***	3.75
BERKS	40 ***	30 ****	5.25
Reading City	40 ***	40 ****	3.75
BLAIR	40 ***	40 ***	3.75
BRADFORD	40 ***	40 ***	5.25
BUCKS	40 ***	40 ***	6.75
Bensalem Twp.	40 ***	40 ***	5.25
Bristol Twp.	40 ***	40 ***	5.25
Warminster Twp.	40 ***	40 ***	5.25
BUTLER	40 ***	40 ***	5.25
CAMBRIA	40 ***	40 ***	3.75
Johnstown	50	40 ***	3.75
CAMERON	50	50	3.75
CARBON	50	40 ***	3.75
CENTRE	30 ****	30 ****	6.75
CHESTER	30 ****	30 ****	6.75
CLARION	40 ***	40 ***	3.75
CLEARFIELD	50	40 ***	3.75
CLINTON	40 ***	40 ***	3.75
COLUMBIA	40 ***	40 ***	3.75
CRAWFORD	40 ***	40 ***	5.25
CUMBERLAND (MSA)	30 ****	30 ****	6.75
DAUPHIN (MSA)	30 ****	30 ****	5.25
Harrisburg	40 ***	30 ****	5.25
DELAWARE	40 ***	40 ***	5.25
Chester City	50	40 ***	3.75
ELK	50	40 ***	3.75
ERIE	40 ***	40 ***	5.25
FAYETTE	50	40	3.75
FOREST	50	40 ***	3.75
FRANKLIN	40 ***	30 ****	5.25
FULTON	40 ***	40 ***	3.75
GREENE	50	40 ***	3.75
HUNTINGDON	50	50	3.75
INDIANA	50	40 ***	3.75
JEFFERSON	50	40 ***	3.75
JUNIATA	40 ***	40 ***	3.75
LACKAWANNA	40 ***	40 ***	5.25
LANCASTER	30 ****	30 ****	6.75
Lancaster City	30 ****	30 ****	5.25
LAWRENCE	40 ***	40 ***	3.75
New Castle City	50	50	3.75
LEBANON (MSA)	30 ****	30 ****	6.75
Lebanon City	40 ***	30 ****	5.25
LEHIGH	40 ***	40 ***	5.25
LUZERNE	40 ***	40 ***	3.75
Hazleton City	50	40 ***	3.75
Wilkes-Barre City	50	40 ***	3.75
LYCOMING	40***	40 ***	3.75
Williamsport City	50	40 ***	3.75
McKEAN	40 ***	40 ***	5.25
MERCER	40 ***	40 ***	5.25
MIFFLIN	50	40 ***	3.75
MONROE	50	40 ***	3.75
MONTGOMERY	30 ****	30 ****	6.75
Norristown Boro	40 ***	30 ****	5.25
MONTOUR	30 ****	30 ****	6.75
NORTHAMPTON	40 ***	40 ***	5.25
NORTHUMBERLAND	40	40 ***	3.75
PERRY (MSA)	30 ****	30 ****	5.25
PHILADELPHIA	50	40 ***	3.75
PIKE	40 ***	40 ***	3.75
POTTER	40 ***	40 ***	3.75
SCHUYLKILL	50	40 ***	3.75
SNYDER	40 ***	40 ***	5.25
SOMERSET	40 ***	40 ***	3.75
SULLIVAN	50	40 ***	3.75
SUSQUEHANNA	40 ***	40 ***	3.75
TIOGA	40 ***	40 ***	5.25
UNION	30 ***	30 ***	6.75
VENANGO	40 ***	40 ***	3.75
WARREN	40 ***	40 ***	5.25
WASHINGTON	40 ***	40 ***	5.25
WAYNE	50	40 ***	3.75
WESTMORELAND	40 ***	40 ***	5.25
WYOMING	40 ***	40 ***	3.75
YORK	30 ****	30 ****	6.75
York City	40 ***	30 ****	3.75

*	Municipalities are listed only if participation or interest rate differs from County rates.
**	Based on calendar year 1999 unemployment rate. Subject to change at discretion of PIDA Board.
(S)	Small Business (Less than 50 existing employees, including parent, subsidiaries and affiliates.)
(L)	Large Business.
MSA	Metropolitan Statistical Area (Cumberland, Dauphin, Lebanon and Perry)

Special Note:  Projects located in designated enterprise zones, planning stage enterprise zones, financially distressed municipalities under Act 47 (over), Federal empowerment zones, Federal enterprise communities, Keystone Opportunity Zones and brownfield sites will receive loans at 3.75%. Companies designated as advanced tech firms will receive an interest rate of 4.25% or 3.75% depending on the location of the project (for example, if area rate is 5.25% or 6.75%, the interest rate will be 4.25%).

***   10% Equity required
**** 20% Equity required

Financially Distressed Municipalities Under Act 47*

Aliquippa City
Beaver County

Braddock Borough
Allegheny County

Chester City
Delaware County

Clairton City
Allegheny County

Duquesne City
Allegheny County

Farrell City
Mercer County

Franklin Borough
Cambria County

Homestead Borough
Allegheny County

Johnstown City
Cambria County

Millbourne Borough
Delaware County

North Braddock Borough
Allegheny County

Rankin Borough
Allegheny County

Scranton City
Lackawanna County

Federal Empowerment Zones*

Portions of Pittsburgh and Philadelphia

Federal Enterprise Communities*

Portions of Harrisburg, Dauphin County

Portions of Lock Haven, Clinton County

*Eligible for 3.75% Interest Rate

[Pa.B. Doc. No. 00-1618. Filed for public inspection September 15, 2000, 9:00 a.m.]

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