12 Pa. Code § 81.122. Applications, review and requirements.

§ 81.122. Applications, review and requirements.

(a)  Submission of application. An application shall be submitted to the Authority’s central office in Harrisburg. An application shall be deemed to be filed on the day it is received in Harrisburg, as evidenced by a date affixed on the face of the application.
(b)  Review of application.
   (1)  No application will be reviewed until information requested has been submitted and the application is complete.
   (2)  Completed applications will be reviewed in chronological order, regardless of region, based upon the date a completed application was filed.
   (3)  An application filed will be reviewed by a designated financial officer of the Board and by designated legal counsel of the Board.
(c)  Board action. The Board will meet monthly and will take action to approve or disapprove an application within 60 days of the date on which it was filed. In lieu of disapproving or approving an application, the Board may table an application pending receipt or review of additional information that may be material to a determination by the Board. If an application is tabled, the applicant will be notified of the tabling within 10 days after the Board’s action. A tabled application will be considered by the Board at its next regularly scheduled meeting at which a quorum is present.

Authority

   The provisions of this §  81.122 amended under section 9 of the Pennsylvania Minority Business Development Authority Act (73 P.S. §  390.9).

Source

   The provisions of this §  81.122 amended February 6, 1987, effective February 7, 1987, 17 Pa.B. 634; amended December 23, 2016, effective March 24, 2017, 46 Pa.B. 8035. Immediately preceding text appears at serial page (230934).

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