Pennsylvania Code
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENT
Part III - Business Financing
Subpart C - Loans
Chapter 73 - PENNSYLVANIA INDUSTRIAL DEVELOPMENT AUTHORITY
Subchapter A - GENERAL PROVISIONS
MISCELLANEOUS
Section 73.52 - Contractors
Universal Citation: 12 PA Code ยง 73.52
Current through Register Vol. 54, No. 44, November 2, 2024
An industrial occupant, beneficial owner or a related firm may act as the general contractor on a project as long as work is performed by unrelated contractors. If an industrial occupant, beneficial owner or a related firm is performing its own work using its own forces or equipment the following restrictions apply:
(1) The project shall be completed and costs approved by the Authority engineer prior to the Authority's loan closing.
(2) Only materials and the cost of independent subcontractors, and not labor or overhead, will be eligible for Authority financing.
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