Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 01, 2025 | Updated by Findlaw Staff
(a) Establishment.--The Max Manufacturing Endeavor Loan Fund is established within the State Treasury, to which shall be credited:
(1) appropriations made by the General Assembly, other than appropriations for expenses of administering this chapter;
(2) grants from other sources to the department; and
(3) repayment of principal and interest on loans made under this chapter.
(b) Allocations for loans.--
(1) The department shall routinely requisition from the Max Manufacturing Endeavor Loan Fund such amounts as shall be allocated by the department for loans to applicants under this chapter. When and as the amounts allocated by the department as loans to applicants are repaid to the department under the terms of the agreements made and entered into with the department, the department shall pay the amounts into the Max Manufacturing Endeavor Loan Fund.
(2) The Max Manufacturing Endeavor Loan Fund shall operate as a revolving fund from which all appropriations and payments made to this fund may be applied and reapplied for the purposes of this chapter.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 73 P.S. Trade and Commerce § 860.702. Max Manufacturing Endeavor Loan Fund - last updated January 01, 2025 | https://codes.findlaw.com/pa/title-73-ps-trade-and-commerce/pa-st-sect-73-860-702/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)