Pennsylvania Code
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COMMONWEALTH OF PENNSYLVANIA

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12 Pa. Code § 117.95. Interest.

§ 117.95. Interest.

 The total amount of interest earned by the investment or reinvestment of all or a part of the principal of a loan shall be returned to the Department for deposit into the Fund and will not be credited as payment of principal or interest on the loan.

Authority

   The provisions of this §  117.95 issued under section 7 of the Local Government Capital Project Loan Fund Act (53 P. S. §  6781-7).

Source

   The provisions of this §  117.95 adopted August 21, 1992, effective August 22, 1992, 22 Pa.B. 4315.


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