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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Counties.--No more than 20% of funds available under the Infrastructure Development Program in any fiscal year shall be loaned or granted for projects in any county.
(b) Certain green field projects.--No more than 10% of the funds available under the Infrastructure Development Program in any fiscal year shall be loaned or granted to applicants for green field projects not involving private companies.
(c) Dollar amount.--No individual grant, grant-to-loan or loan shall exceed $1,250,000.
(d) Former industrial sites.--A minimum of 20% of the funds available under the Infrastructure Development Program in any fiscal year shall be approved for a grant, grant-to-loan or loan for projects located on a former industrial site.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 393.31. Restrictions on funding - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-393-31/
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