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Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8825-G. Requirements

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) Collections.--Upon receiving approval under section 1824-G,  1 a rural growth fund must do all of the following within 60 days:

(1) Collect the credit-eligible capital contributions from each business firm issued a tax credit certificate under section 1829-G.  2

(2) Collect one or more investments of cash that, when added to the contributions collected under paragraph (1), equal the rural growth fund's investment authority.  At least 10% of the rural growth fund's investment authority shall be comprised of equity investments contributed, directly or indirectly, by affiliates of the rural growth fund, including employees, officers and directors of the affiliates.

(b) Documentation.--Within 65 days of approval under section 1824-G, a rural growth fund must provide to the department documentation sufficient to prove that the amounts specified in subsection (a) have been collected.

1  72 P.S. § 8824-G.
2  72 P.S. § 8829-G.
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Cite this article: FindLaw.com - Pennsylvania Statutes Title 72 P.S. Taxation and Fiscal Affairs § 8825-G. Requirements - last updated January 01, 2026 | https://codes.findlaw.com/pa/title-72-ps-taxation-and-fiscal-affairs/pa-st-sect-72-8825-g/

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