The authority shall have and may exercise all powers and authority necessary to the proper administration and implementation of this chapter and shall have the authority to adopt policies, procedures and guidelines and promulgate rules and regulations necessary to effectuate the provisions of this chapter. In addition to any powers authorized under this chapter and 64 Pa.C.S. Ch. 11 (relating to Pennsylvania Industrial Development Authority), the board may administer the program by exercising the powers granted to it under the act of May 17, 1956 (1955 P.L.1609, No.537), known as the Pennsylvania Industrial Development Authority Act.
(Oct. 22, 2014, P.L.2569, No.161, eff. Nov. 1, 2014)
Effective Date. Section 6(1)(i) of Act 12 of 2004 provided that section 2907 shall take effect upon publication of the guidelines required by section 2912.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 29 - Machinery and Equipment Loans
Section 2904 - Machinery and Equipment Loan Fund
Section 2905 - Eligibility for loans; terms and conditions
Section 2906 - Application and administration
Section 2907 - Powers of authority
Section 2908 - Reporting and inspection
Section 2909 - Nondiscrimination (Deleted by amendment)
Section 2910 - Conflict of interest (Deleted by amendment)