67 Pa. Code § 473.14. Liability; forfeiture of funds; repayment.

§ 473.14. Liability; forfeiture of funds; repayment.

(a)  If a sponsor fails to comply with an offer or aviation development grant agreement, the sponsor shall immediately reimburse the Department the amount for which a demand is made by the Department.
   (b)  The claim shall be a first lien on the airport property to the extent of the unpaid balance. The Department may seek judgements to seize, attach or place liens on the assets or accounts of a sponsor declared in default.

Source

   The provisions of this §  473.14 adopted October 3, 1986, effective October 4, 1986, 16 Pa.B. 3693; readopted July 20, 1990, effective July 21, 1990, 20 Pa.B. 3982. Immediately preceding text appears at serial page (113686).

Cross References

   This section cited in 67 Pa. Code §  473.16 (relating to appeal).

No part of the information on this site may be reproduced for profit or sold for profit.

This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.