12 Pa. Code § 141.305. Limitations on loan commitments

12 Pa. Code § 141.305. Limitations on loan commitments—nonentitlement public entities.

§ 141.305. Limitations on loan commitments—nonentitlement public entities.

(a)  The total amount of a loan guarantee made to a nonentitlement public entity may not exceed $3 million.
(b)  The maximum aggregate amount of section 108 loan assistance made to a county which applies on behalf of multiple nonentitlement public entities may not exceed $7,000,000.
(c)  Nonentitlement public entities shall join the consortium before applying for section 108 loan guarantee funds from the Department.

Authority

   The provisions of this §  141.305 issued under the Community Development Block Grant Entitlement Program for Nonurban Counties and Certain Other Municipalities (35 P. S. § §  1751—1765).

Source

   The provisions of this §  141.305 adopted August 21, 1992, effective August 22, 1992, 22 Pa.B. 4313; amended January 20, 2006, effective January 21, 2006, 36 Pa.B. 283. Immediately preceding text appears at serial page (231104).

Cross References

   This section cited in 12 Pa. Code §  141.301 (relating to purpose); 12 Pa. Code §  141.302 (relating to definitions); 12 Pa. Code §  141.307 (relating to limitations on loan commitments—public entities); 12 Pa. Code §  141.308 (relating to CDBG requirement); and 12 Pa. Code §  141.309 (relating to Department approval).

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