Current through Register Vol. 54, No. 25, June 22, 2024
Section 117.91 - Factors in awarding loans(a) The Department will allocate 50% of the funds available in the Fund for equipment loans and 50% of the funds for facility loans. The Department may reallocate program funds as needed to maximize the use of the funds in accordance with the Local Government Capital Projects Loan Fund Act (53 P. S. §§ 6781-1-6781-9).(b) If the Department receives more applications for loans than there are funds available during an application period or funding cycle, it will rank the applications in order of priority according to the following criteria: (1) Financial disadvantage as measured under the Department's Early Warning System.(2) The impact of the purchase of equipment or the purchase, construction, renovation or rehabilitation of facilities on the health, safety or welfare of the residents of the municipality.(3) Commitment for the sharing of the equipment or facilities among two or more municipalities.The provisions of this § 117.91 adopted August 21, 1992, effective 8/22/1992, 22 Pa.B. 4315.The provisions of this § 117.91 issued under section 7 of the Local Government Capital Project Loan Fund Act (53 P. S. § 6781-7).