Statutes, codes, and regulations
Pennsylvania Code (Rules and Regulations)
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENTPart V - Community Affairs and DevelopmentSubpart C - Community Development and HousingChapter 141 - COMMUNITY DEVELOPMENT GRANT PROGRAM
SECTION 108 LOAN PROGRAM
Section 141.304 - Limitations on loan commitments-entitlement public entities

12 Pa. Code § 141.304

Download
PDF
Current through Register Vol. 54, No. 49, December 7, 2024
Section 141.304 - Limitations on loan commitments-entitlement public entities

The amount of loan guarantees that an entitlement public entity receives may not exceed the amount of a public entity's CDBG allocation that can support annual debt service payments based on the average amount of the CDBG allocation for the past 3 years or $7 million, whichever is less. This maximum amount applies to both single public entity applicants and joint public entity applicants.

12 Pa. Code § 141.304

The provisions of this § 141.304 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 § 141.304 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).