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PA Bulletin, Doc. No. 04-1448

NOTICES

DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT

Machinery and Equipment Loan Participation and Interest Rates

[34 Pa.B. 4159]

   The Department of Community and Economic Development (Department) gives notice of the adoption of Machinery and Equipment Loan Fund (MELF) participation and interest rates for loans approved by the Department. The following rates are effective as of July 20, 2004, and will remain in effect until changed by a notice in the Pennsylvania Bulletin.

   The Department 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 the Department of Community and Economic Development, Center for Business Financing, Loans Division, 400 North Street, 4th Floor, Harrisburg, PA 17120, (717) 720-1410.

DENNIS YABLONSKY,   
Secretary

MELF

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

Effective for Applications Received after July 20, 2004

                                    MaximumInterest
                                       MELFRate**
                                 Participation*   %
ADAMS 50% 2.75
ALLEGHENY 50% 2.75
ARMSTRONG 50% 2.75
BEAVER 50% 2.75
BEDFORD 50% 2.75
BERKS 50% 2.75
BLAIR 50% 2.75
BRADFORD 50% 2.75
BUCKS 50% 2.75
BUTLER 50% 2.75
CAMBRIA 50% 2.75
CAMERON 50% 2.75
CARBON 50% 2.75
CENTRE 50% 2.75
CHESTER 50%2.75
CLARION 50% 2.75
CLEARFIELD50%2.75
CLINTON 50% 2.75
COLUMBIA 50% 2.75
CRAWFORD 50% 2.75
CUMBERLAND 50% 2.75
DAUPHIN 50% 2.75
DELAWARE 50% 2.75
ELK 50% 2.75
ERIE 50% 2.75
FAYETTE 50% 2.75
FOREST 50% 2.75
FRANKLIN 50% 2.75
FULTON 50% 2.75
GREENE 50% 2.75
HUNTINGDON 50% 2.75
INDIANA 50% 2.75
JEFFERSON 50% 2.75
JUNIATA 50% 2.75
LACKAWANNA 50% 2.75
LANCASTER 50% 2.75
LAWRENCE 50%2.75
LEBANON 50% 2.75
LEHIGH 50% 2.75
LUZERNE 50% 2.75
LYCOMING 50% 2.75
McKEAN 50% 2.75
MERCER 50% 2.75
MIFFLIN 50% 2.75
MONROE 50% 2.75
MONTGOMERY 50% 2.75
MONTOUR 50% 2.75
NORTHAMPTON 50% 2.75
NORTHUMBERLAND 50% 2.75
PERRY 50% 2.75
PHILADELPHIA50% 2.75
PIKE 50%2.75
POTTER 50% 2.75
SCHUYLKILL 50% 2.75
SNYDER 50% 2.75
SOMERSET 50% 2.75
SULLIVAN 50%2.75
SUSQUEHANNA 50% 2.75
TIOGA 50% 2.75
UNION 50% 2.75
VENANGO 50% 2.75
WARREN 50% 2.75
WASHINGTON 50%2.75
WAYNE 50% 2.75
WESTMORELAND 50% 2.75
WYOMING 50% 2.75
YORK 50% 2.75

* Maximum participation; MELF loans are $500,000 or 50% of eligible project costs, whichever is less.

** Based on calendar year 2003 unemployment rate. Subject to change at discretion of the Department.

[Pa.B. Doc. No. 04-1448. Filed for public inspection August 6, 2004, 9:00 a.m.]


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