Current through Register Vol. 54, No. 25, June 22, 2024
Section 141.305 - Limitations on loan commitments-nonentitlement public entities(a) The total amount of a loan guarantee made to a nonentitlement public entity may not exceed $3 million.(b) The maximum aggregate amount of section 108 loan assistance made to a county which applies on behalf of multiple nonentitlement public entities may not exceed $7,000,000.(c) Nonentitlement public entities shall join the consortium before applying for section 108 loan guarantee funds from the Department.The provisions of this § 141.305 adopted August 21, 1992, effective 8/22/1992, 22 Pa.B. 4313; amended January 20, 2006, effective 1/21/2006, 36 Pa.B. 283.The provisions of this § 141.305 issued under the Community Development Block Grant Entitlement Program for Nonurban Counties and Certain Other Municipalities (35 P. S. §§ 1751-1765).
This section cited in 12 Pa. Code § 141.301 (relating to purpose); 12 Pa. Code § 141.302 (relating to definitions); 12 Pa. Code § 141.307 (relating to limitations on loan commitments-public entities); 12 Pa. Code § 141.308 (relating to CDBG requirement); and 12 Pa. Code § 141.309 (relating to Department approval).