Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 8707-E - Application, review and authorization by commission(a) Application process.--An eligible applicant shall apply to the commission for authorization that a project is eligible for a tax credit under this program. An application shall be developed by the commission and shall include: (1) Type and location of project under section 1704-E(b) . (2) Total cost of project as outlined in section 1704-E(c).(3) Verification of eligibility under section 1704-E(a).(b) Review, notification and authorization.--The commission shall, within 60 days of receipt, review each application and notify an eligible applicant whether or not the eligible applicant meets the requirements and is authorized to receive a tax credit under this article.(c) Authorization of tax credit.--The commission shall not authorize tax credits that exceed the limits under sections 1703-E(b) and 1709-E. The commission shall authorize tax credits on a first-come, first-served basis.(d) Completion of project.--Upon completion of a project authorized under this section, an eligible applicant shall submit to the commission written notice of project completion. Such notice shall include: (1) Proof of certification as required by section 1705-E that the project is complete.(2) A maintenance plan as required by section 1707-E(a) for each best management practice, if applicable to the project.(3) Any other documents as may be required by the commission.(e) Notification to department.--Upon determination that a project authorized under this section is complete, the commission shall provide notification to the department:(1) that the eligible applicant has completed a project which meets the criteria for a tax credit under this article; and(2) the amount of tax credit for the eligible applicant.(f) Inspection.--Projects authorized under this section may be subject to inspection by the commission or its designated agent.1971, March 4, P.L. 6, No. 2, art. XVII-E, § 1707-E, added 2007, July 25, P.L. 373, No. 55, §7, effective in 90 days [ 10/23/2007].