Current through Register Vol. 54, No. 25, June 22, 2024
Section 121.14 - Termination of zones(a)Termination at the request of the municipality. Designated zones which develop and sustain increased rates of business investment and job creation in a shorter period of time than originally expected will be encouraged to enter the final 2 phase-down years of reduced funding promptly. These successful grantees are encouraged to submit applications for enterprise planning zone grants within the same municipalities, or in the case of multi-municipal zones, within a nearby distressed municipality. Successful applicants for new planning funds would proceed through the enterprise planning zone cycle of activities described in this chapter.(b)Termination by action of the Department. If, as a result of an annual review, the Department determines there is no evidence of progress in implementing the local business development strategy or in achieving goals of the strategy, or no evidence of the capacity of the grantee to manage the program, the Department will take action to terminate the zone.The provisions of this § 121.14 adopted April 1, 1988, effective 4/2/1988, 18 Pa.B. 1493.