§ 81.147. General.

 (a)  Board meetings. The Board will meet monthly.

 (b)  Targeted funds. Twenty percent of the appropriated funds available to the Authority may be targeted by the Board expressly for loans to be awarded for eligible enterprises located or to be located in Enterprise Development Areas as set forth at 12 Pa. Code Chapter 121 (relating to enterprise development area initiative—statement of policy) or other redevelopment areas.

Authority

   The provisions of this §  81.147 issued under section 9 of the Pennsylvania Minority Business Development Authority Act (73 P.S. §  390.9).

Source

   The provisions of this §  81.147 adopted February 6, 1987, effective February 7, 1987, 17 Pa.B. 634.

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