§ 135.23. Review of proposals.
(a) Review procedures will be conducted through the regional offices of the Department. Recommendations by the regional offices and by the Community Empowerment Office’s central office will be presented to the Secretary.
(b) The Secretary will approve or disapprove the project and establish the amount of tax credit to be granted up to 50% of the approved budget request. Approval may be for 70% of the approved budget request if the project meets the conditions specified in § 135.41b (relating to special program priorities).
(c) Projects are approved for a 1-year period, corresponding with the fiscal year of the Commonwealth. Approval of any project is effective as of the effective date of the contract between the Department and the business firm or neighborhood organization. Approved project activities of business firms and neighborhood organizations and the solicitation of contributions by neighborhood organizations for approved project activities shall begin after the effective date of the contract.
Source The provisions of this § 135.23 amended May 15, 1981, effective May 16, 1981, 11 Pa.B. 1647; amended June 24, 1983, effective June 25, 1983, 13 Pa.B. 1994; amended March 4, 1988, effective March 5, 1988, 18 Pa.B. 937. Immediately preceding text appears at serial page (82856).
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