16 Pa. Code § 205.7

Current through Register Vol. 54, No. 52, December 28, 2024
Section 205.7 - Emergency loans

In a year during the existence of the Supplemental State Assistance fund, a municipality to which level III of the recovery program applies and in which there exists the possibility of imminent default during the next 12 consecutive calendar months in the payment of retirement and other benefits by one or more of the pension plans maintained by the municipality may apply to the Commission for a loan under section 607(k) of the act (53 P. S. § 895.607(k)). Applications for emergency loans shall be mailed to the following address: Commonwealth of Pennsylvania, Public Employee Retirement Study Commission, Post Office Box 1429, Harrisburg, Pennsylvania 17105-1429.

16 Pa. Code § 205.7

The provisions of this § 205.7 adopted December 18, 1987, effective 12/19/1987, 17 Pa. B. 5234; amended July 24, 1992, effective 7/25/1992, 22 Pa. B. 3839.