(a) Application and administration procedures.--The authority shall establish application and administration procedures to be used for EDA loans. The procedures shall be established by guidelines and shall conform in all respects to those procedures required or established by the Economic Development Administration for use of Federal funds under the Public Works and Economic Development Act of 1965 (Public Law 89-136, 42 U.S.C. § 3121 et seq.) and, if applicable, 64 Pa.C.S. § 1121 (relating to common application process).
(b) Eligibility for EDA loans.--The authority shall establish eligibility requirements to be used for EDA loans. The requirements shall be established by guidelines and shall conform in all respects to those procedures required or established by the Economic Development Administration for use of Federal funds under the Public Works and Economic Development Act of 1965.
(Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)
Cross References. Section 2307 is referred to in section 2310.1 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 23 - Small Business First
Section 2304 - Fund and accounts
Section 2305 - Authority responsibilities
Section 2306 - Capital development loans
Section 2308 - Loans in distressed communities
Section 2309 - Pollution prevention assistance loans
Section 2310 - Export financing loans