Pennsylvania Code
Title 12 - COMMERCE, TRADE AND LOCAL GOVERNMENT
Part III - Business Financing
Subpart D - Minority Lending
Chapter 81 - MINORITY BUSINESS DEVELOPMENT AUTHORITY
Subchapter B - LOAN PROGRAM ADMINISTRATION
LOAN PAYMENT, REPAYMENT, PENALTIES AND ADMINISTRATION
Section 81.147 - General
Universal Citation: 12 PA Code ยง 81.147
Current through Register Vol. 54, No. 44, November 2, 2024
(a) Board meetings. The Board will meet monthly.
(b) Targeted funds. Twenty percent of the appropriated funds available to the Authority may be targeted by the Board expressly for loans to be awarded for eligible enterprises located or to be located in Enterprise Development Areas as set forth at 12 Pa. Code Chapter 121 (relating to enterprise development area initiative-statement of policy) or other redevelopment areas.
The provisions of this §81.147 issued under section 9 of the Pennsylvania Minority Business Development Authority Act (73 P.S. § 390.9).
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